Trump backing off Mexico border shutdown a big relief for US carmakers as auto sales tumble

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Trump backing off Mexico border shutdown a big relief for US carmakers as auto sales tumble
इंडिया ताज़ा खबर,इंडिया मुख्य बातें
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Nearly every major automaker saw sales fall during the first quarter with forecasts that US demand will be off as much as 7% this year.

President Donald Trump's decision not to follow through with a shutdown of the Mexican border comes as a big relief for U.S. automakers, especially considering the industry is already struggling with the administration's tariffs on imported aluminum and steel and a slowdown in U.S. sales.

Mexico has grown from an automotive backwater to become the fifth-largest producer of fully assembled vehicles in the world, according to federal data. All told, about 2.57 million light-duty vehicles were exported from Mexico to the U.S. last year, industry data show. That included about 30 models sold by 15 different automotive brands, according to Mexico's Instituto Nacional de Estadística, Geografía e Informática.

Since the original North American Free Trade Agreement, or NAFTA, went into effect on January 1, 1994,"the auto industry has developed a highly integrated manufacturing network that has essentially eliminated borders" between the three trade partners, Cole added. But American-made vehicles, especially hot-selling products such as the new Ford Ranger pickup assembled in suburban Detroit, could have been hit by a border closure. While the figure varies by manufacturer and model, industry data indicate that 38% of the imported parts used in American plants come from Mexico.

Automakers have occasionally found ways to keep assembly plants running despite shortages of inconsequential parts. The assembly process can barely begin, however, without those bundles of wires that thread throughout every new vehicle. "Any action that stops commerce at the border would be harmful to the U.S. economy, and in particular, the auto industry. Access to Mexico's market place and North American integration are critical to operations in the U.S.," Matt Blunt, president of the trade group, the American Automotive Policy Council, said earlier this week.

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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