Mexico Limits Five-Year Tariff Break to Established Local Carmakers
Mexico said a new five-year tariff break for imported car parts will apply only to automakers with production facilities in the country.
Mexico said Friday that the new five-year tariff break on imported car parts will be available only to automakers with existing production facilities in the country. The clarification followed questions from industry analysts several days earlier about whether the decree could open the door to Chinese…