Published: February 4th, 2025,
Last updated: February 4th, 2025
Duty or no duty, that is the question! The question that Mexico and Canada in particular are currently asking themselves. Yesterday, Mexico and Canada were able to postpone the announced tariff for a month. What the tariffs would mean for the EU economically is still unclear. Mexico and Canada export cars worth USD34 billion and USD27 billion respectively to the USA. If they suddenly have to look for a new target market, this would certainly not be good news for European car manufacturers.