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The arrival of the new Tesla factory in Mexico, which would be located in Monterrey, Nuevo León, has been suspended this Tuesday, July 23, as announced by the company’s CEO, Elon Musk.
After more than a year and four months of its announcement, the factory has not advanced its construction in the metropolitan area of Monterrey where it was promised it would arrive, and along with it a conglomerate of companies for the manufacture of auto parts.
Everything indicates that the person responsible for this decision would be, indirectly, Donald Trump, former president of the United States who aspires to return to the Presidency next November.
Elon Musk reported this Tuesday, July 23, that the reason why the construction and investment of Tesla, which would be 5 billion dollars, will be suspended in Nuevo León is the possible tariffs that Trump would generate if he wins the Presidency.
“I think we have to see what happens with the election. Trump has said that he will put tariffs on vehicles produced in Mexico. So it doesn’t make sense to invest in Mexico if that’s going to happen,” Musk said in a teleconference.
Gabriela Siller, director of economic analysis at Banco Base, said that “it’s not for nothing that Elon Musk decided to postpone the decision to install the factory in Mexico until after the elections in the United States. This may be due to Trump’s protectionist policies. If Trump wins the elections, Tesla may never arrive in Mexico.”
In the presidential debate on June 29, Donald Trump said that he left healthy finances in the United States before Joe Biden’s government began, and a good part of that is the collection of tariffs on countries like China, from where he said he got “a lot of money.”
In that sense, he said that he would seek to continue with the tariffs for the entry of Chinese products, in addition to the fact that in his campaign events he has said that he will impose 100 percent tariffs on Chinese cars manufactured in Mexico.
However, Donald Trump’s case with Mexico is still undefined in terms of tariffs, as the former president said in recent days that he has obtained everything he wanted from the USMCA and the country, so it is still unknown whether he will include more tariffs on the country than those in the 2018 negotiation.
Claudia Sheinbaum, virtual president-elect of Mexico, as well as Marcelo Ebrard, future Secretary of Economy, said that they will negotiate the USMCA with force, with the intention that the United States does not impose only its conditions. It should be noted that in recent months Trump said that Mexico and China have taken 68 percent of the United States’ automotive industry, and that they plan to recover it.
Source: elfinanciero
