Reuters has reported that the accords struck between the United States and Mexico on trade include an auto export cap and would allow Washington to impose punitive tariffs of up to 25 per cent on annual Mexican car imports of over 2.4 million vehicles.
The agreement will directly affect brake system maker Haldex, which last year saw half of its sales come from North America. “Since the region is such an important part of our business, … we will need to look at supply chains, raise the level of material content from the region and cut back in Europe and Asia, and take a look at where we manufacture,” says Haldex CEO Åke Bengtsson.
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