Trump's tariffs on major trading partners create concerns of trade wars affecting various global companies.

From Investing.com: 2024-11-26 05:11:23

President-elect Donald Trump announced plans to impose tariffs on major trading partners including Canada, Mexico, and China, sparking concerns of potential trade wars.

Automakers such as Honda, Nissan, Toyota, and Mazda have significant manufacturing presence in Mexico, exporting vehicles to the U.S. market.

German automakers like Volkswagen, Audi, and BMW also have large manufacturing facilities in Mexico, with a substantial portion of their output destined for the U.S. market.

Tesla encouraged its Chinese suppliers to establish plants in Mexico to support its Gigafactory, while Chinese automakers and suppliers like BYD and JAC Motors have also invested in Mexican operations.

Electronics giants like Foxconn, Lenovo, LG Electronics, and Samsung Electronics have manufacturing facilities in Mexico, producing a variety of products for the U.S. market.

Packaged goods companies like Procter & Gamble and Unilever rely on imports from Mexico, with around 10% of P&G’s shipments and 2% of Unilever’s sea imports to the U.S. coming from Mexico.



Read more at Investing.com: Factbox-Global companies that might be affected by Trump’s promised tariffs By Reuters