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Analysis Says Mexico's Auto Tariffs Affecting BYD COMPANY/ Tesla Most
Recommend 21 Positive 36 Negative 10 |
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BYD COMPANY (01211.HK) and Tesla (TSLA.US) will be the biggest losers from Mexico's imposition of a 50% tariff on Chinese-manufactured autos, meanwhile benefiting the traditional Big Three US automakers, naming Ford Motor(F.US), General Motors(GM.US) and Chrysler, according to Reuters. Although the tariffs target countries without trade agreements with Mexico, in practice, Chinese-manufactured autos are the most affected, while the Big Three US automakers are exempt on existing trade agreements, the report quoted industry analysis as saying. Furthermore, the country allows manufacturers with production facilities in Mexico to import a designated percentage of vehicles tariff-free from countries that don't have a -trade agreement with Mexico. The Big Three US automakers have plants in Mexico, unlike BYD COMPANY and Tesla. AAStocks Financial News Website: www.aastocks.com |
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