Top Auto CEO Says He May Pull Production Out of Mexico If Trump Follows Through on Tariffs
The CEO of Nissan has said he may be forced to move production out of Mexico if Donald Trump imposes tariffs on exports.
The head of the Japanese automaker made the comments during a press conference on Friday.
“From Mexico to the U.S., we are exporting a significant number of cars this fiscal year,” Uchida said, according to Reuters.
”320,000 units are exported from Mexico to the U.S., and if the high tariffs are imposed, we need to be ready for this,” he continued.
”Maybe we can transfer the production of these models elsewhere if this were the decision, we will think how we can make it a reality while monitoring the situation.”
“We are exporting a large volume to U.S., so if there’s a high tariff, this would have huge implications on our business, so we need to monitor this carefully.”
While it is not clear whether Uchida would return production to the U.S., a promise to end the outsourcing of American jobs to Mexico has always been an integral part of Trump’s political appeal.
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