GWM Mexico to import vehicles from Brazil to avoid 50% tariffs On November 24, it was reported that Great Wall Motor will supply vehicles and components to Mexico from its new manufacturing plant in Iracemápolis, Brazil, to avoid the potential 50% tariffs Mexico may impose on imports from countries without trade agreements. The decision comes as GWM marks its second anniversary in the Mexican market, where it has established 50 dealerships cover...

News  Updated at: 2025/12/02

Mexico’s protectionist stance risks trade tensions with China On November 19, it was reported that Mexico’s increasingly protectionist stance toward China could trigger trade tensions between both countries, as experts warned amid preparations for the upcoming review of the USMCA in 2026. Moody’s Ratings noted that while nations like Brazil are strengthening economic and political ties with China, Mexico is moving in the opposite direction ...

News  Updated at: 2025/11/25

026. North America and Japan accounted for approximately 70% of total sales in fiscal year 2024, solidifying their position as the Company’s main core markets. We are seeing rapid changes in social conditions such as the trade conflicts between the U.S.A. and China, and changes in the U.S.A.’s tariff policies. As a result, major OEMs are also changing their production operations/locations and strategies. Q2. What do you envision in regard to...

News  Updated at: 2025/11/17

BYD reaffirms plan to establish plant in Mexico On November 13, it was reported that BYD reaffirmed its plan to establish a manufacturing plant in Mexico, with an official announcement expected before January 2026. Julián Villarroel, BYD Mexico’s Vice President, confirmed during Expo Transporte 2025 that the project remains active, and that Mexico and Brazil are the company’s main markets in Latin America. The executive emphasized that BYD i...

News  Updated at: 2025/11/15

amework, Argentina will accept vehicles manufactured in the United States that comply with U.S. federal safety and emissions standards, allowing faster homologation and importation. The agreement may also establish a preferential quota for importing U.S.-made cars, which currently face a 35% import tariff, facing a disadvantage compared to vehicles from Mexico or Brazil. The deal, signed by Presidents Javier Milei and Donald Trump, reinforces the...

News  Updated at: 2025/11/15

Colombia to maintain tariff exemptions for Brazilian vehicle imports On November 12, it was reported that the governments of Brazil and Colombia reached an agreement to maintain tariff exemptions for Brazilian vehicles exported to Colombia. The announcement, made by Brazil’s Ministry of Development, Industry, Commerce, and Services (MDIC), reverses Colombia’s earlier unilateral decision in September not to renew the automotive trade accord. T...

News  Updated at: 2025/11/14

Trump issues 25% tariff on trucks and parts, extends 3.75% parts offset on automobiles In a proclamation on October 17, President Trump announced he was formally imposing a 25% tariff on medium- and heavy-duty trucks (Class 3–8 vehicles) and truck parts, including engines, transmissions, tires, and chassis, as well as a 10% tariff on imported buses (school, transit, and motor coaches), while extending a key tariff reprieve for U.S. auto manufac...

News  Updated at: 2025/10/21

GWM Iracemápolis plant in Brazil to be inaugurated on August 15 On August 5, it was reported that Brazilian President Luiz Inácio Lula da Silva will attend the inauguration of GWM’s new factory in Iracemápolis, São Paulo, on August 15. The event will showcase pre-series units of the Haval H6 SUV, which will be locally assembled in four gasoline-hybrid versions, including a plug-in option. Diesel models like the Haval H9 and Poer pickup will...

News  Updated at: 2025/08/06

New tariff hike announced by President Trump likely to significantly impact Brazilian truck parts exports On July 31, it was reported that the new tariff hike announced by U.S. President Donald Trump will significantly impact Brazilian exports of trucks over 5 tons and their related auto parts, raising the import tax from 10% to 50%. The Brazilian auto parts association Sindipeças said that there has been a reversal of priorities and is still an...

News  Updated at: 2025/08/05

Brazilian government rejects BYD’s request on lowering import tariffs on CKD for EVs On July 30, it was reported that Brazil’s federal government rejected BYD’s request to reduce import tariffs on CKD for electric vehicles (EVs) and the government decided to advance the implementation of a 35% import duty on electrified vehicles by 18 months. The new tariff will take effect in January 2027 instead of July 2028. However, as a temporary measu...

News  Updated at: 2025/08/05

Trump increases Brazil tariff by 40% based on its rules and internal actions On July 30, U.S. President Trump issued a Presidential Action document on Whitehouse.gov offering his reasons for adding 40% onto the current 10% tariff rate for Brazilian products, for a total of 50%, on goods entering the U.S. The 40% tariff increase was to address “a U.S. national emergency” regarding a variety of items including Brazilian political and judicial m...

News  Updated at: 2025/08/01

Trump announces 30% tariffs on EU and Mexico starting August 1 On July 12, President Trump said the U.S. will impose a 30% tariff on goods from the European Union and Mexico that will take effect on August 1. Trump revealed the new rates in letters to European Commission President Ursula von der Leyen and Mexico’s President Claudia Sheinbaum posted on his social media site Truth Social. “Mexico has been helping me secure the border, BUT, what...

News  Updated at: 2025/07/15

Brazil expands automotive trade agreement with Argentina On June 17, it was reported that acting President Geraldo Alckmin signed a decree expanding the automotive trade agreement between Brazil and Argentina. The measure updates the Economic Complementation Agreement No. 14 (ACE-14), originally signed in 1990, by incorporating its 46th additional protocol. The new terms allow more flexible market access for buses, vans, and trucks up to 5 tons a...

News  Updated at: 2025/06/20

BYD confident on approval to reduce import tariff on SKD vehicles to 10% in Brazil On May 30, BYD Brazil's VP Alexandre Baldy expressed confidence in the approval of the company’s request to reduce the import tariff on SKD (semi-knocked down) vehicles to 10% for the first 12 months of operation. The Dolphin Mini EV will be the first model assembled at the Camaçari plant, potentially followed by the hybrid Song Pro. While the Brazilian automoti...

News  Updated at: 2025/06/04

Stellantis net revenues drop 14.1% in Q1 as it revises production plans amid tariffs On April 30, Stellantis reported Q1 2025 financial and shipment results, with net revenue down 14.1% to EUR 35.8 billion, mainly due to lower sales, regional mix changes, and unfavorable price adjustments.  In Q1, shipments fell by 8.8% YoY to 1.2 million with extended production downtime in North America and lower LCV volumes in Enlarged Europe. Total new vehic...

News  Updated at: 2025/05/01

Geely postpones approval for vehicle production at Renault’s plant in Brazil On April 11, it was reported that Geely is postponing the approval of its vehicle production plan at Renault’s plant in São José dos Pinhais, Paraná. Although a production agreement was signed in February, alongside plans to begin importing vehicles starting in July, Geely has delayed confirming local manufacturing. Renault Latin America CEO Luiz Fernando Pedrucci...

News  Updated at: 2025/04/14

Toyota considering production of BEV Hilux in Argentina to reduce tariff exposure On April 9 it was announced that Toyota is considering the option of manufacturing its Hilux pickup as a BEV version at the Zárate plant in Argentina from 2026. The electric Hilux, first introduced as a concept in late 2022, has undergone three years of testing and is expected to hit the market in the coming months, beginning with production in Thailand. Argentina ...

News  Updated at: 2025/04/11

Brazilian auto parts trade deficit deepens with rising imports On April 2, Sindipeças reported that Brazil’s auto parts trade deficit reached USD 2.54 billion in the first two months of 2025, a 40.3% increase compared to the same period in 2024. This was driven by a 24.6% rise in imports, totaling USD 3.7 billion, while exports remained almost the same at USD 1.2 billion. In February alone, the deficit hit USD 1.1 billion, 49.7% higher than in...

News  Updated at: 2025/04/07

Trump's 25% tariff alarms auto parts industry in Brazil On April 2, Brazil’s auto parts association Sindipeças expressed major concern over the newly announced 25% import tariff by Donald Trump’s administration on vehicles and auto parts, highlighting this as the biggest threat to the sector in 2025. In 2024, Brazil exported USD 1.3 billion in automotive components to the U.S., making it the second-largest export market after Argentina. Alth...

News  Updated at: 2025/04/04

President Trump announces new reciprocal tariffs on imported goods On April 2, U.S. Donald Trump made his long-awaited speech on reciprocal tariffs. Calling the date of the event Liberation Day, Trump explaining how the world has been penalizing the U.S. until now, and explained his concept of what reciprocal tariffs actually mean. Trump noted there are many other restrictions to trade that exist beyond monetary tariffs. Non-monetary barriers, Tr...

News  Updated at: 2025/04/03