US Tariffs on Canada and Mexico Impact Automakers and Electronics Sector

President Trump's proposed 25% tariffs on Canada and Mexico have sent shockwaves through the automotive industry and related sectors. Several Asian automakers and electronics firms may face significant disruptions in production and exports.

Automakers Affected

* AUDI: Operates a plant in Mexico that exports nearly 40,000 cars to the U.S., representing a significant portion of its global production.
* BMW: Produces the 3 Series, 2 Series Coupe, and M2 in Mexico, with the majority of output destined for the U.S. and other international markets.
* BYD: Considering establishing a plant in Mexico, but has stated that production would primarily serve the domestic market.
* HONDA MOTOR: Exports 80% of its Mexican output to the U.S., and has warned of potential production shifts if tariffs are implemented.
* JAC MOTORS: Has a joint venture in Mexico that assembles JAC vehicles.
* KIA CORP: Operates a factory in Mexico that produces vehicles for the U.S. market, including the Tucson SUV.
* MAZDA: Produced around 60% of its Mexican vehicles for U.S. export in 2024.
* NISSAN MOTOR: Maintains two plants in Mexico that produce Sentra, Versa, and Kicks models for the U.S. market.
* STELLANTIS: Assembles Ram pickup trucks and vans in Mexico, and the Jeep Compass SUV in Ontario, Canada.
* TOYOTA MOTOR: Produces the Tacoma pickup truck in Mexico, with all production destined for the U.S.
* VOLKSWAGEN: Operates a massive plant in Mexico that exports vehicles including the Jetta, Tiguan, and Taos to the U.S., accounting for a substantial portion of its global manufacturing.

Auto Suppliers

* AUTOLIV: Employs a significant workforce in Mexico and produces a range of safety equipment for automakers.
* MICHELIN: Has plants in Mexico and Canada that manufacture tires.
* YANFENG: Supplies seat components to various automakers including General Motors and Toyota.

Electronics Sector

* FOXCONN: Constructing a large AI server factory in Mexico, targeting production in early 2025.
* LENOVO: Produces servers and data center products in Mexico for the North American market.
* LG ELECTRONICS: Manufactures TVs, home appliances, and EV parts in Mexico, with potential export disruptions to the U.S.
* SAMSUNG ELECTRONICS: Produces TVs and home appliances in Mexico, also exported to the U.S.

Other Industries Affected

* CAMPARI: Produces tequila in Mexico and Canadian whisky in Canada, with potential impact on U.S. imports.
* PROCTER AND GAMBLE: A significant share of its U.S. imports originate from Mexico, potentially affecting supply chains.
* UNILEVER: Imports consumer goods into the U.S. from Mexico, facing potential tariff implications.