Mexico tariffs: the products that Mexico exports the most to the US
Mexico tariffs: what products would be most affected? Below we present the goods that Mexico exports the most to the United States.
If an agreement is not reached soon, the United States will apply a tariff rate of 5.0 percent on all of its Mexican imports as of June 10, generating first damage to the Mexican economy estimated at 17 billion 500 million dollars. If the government of President Andres Manuel Lopez Obrador does not immediately stop the illegal migration to US territory, Washington will impose tariffs starting at a rate of 5.0 percent to climb to a level of 25 percent.
Automotive industry
Mexico exported a total of 346.5 billion dollars last year to its most important business partner, according to the Census Bureau. Of that amount, 115 thousand 800 million dollars were in cars, accessories, and spare parts. Large automakers such as General Motors and Fiat Chrysler have the bus, truck, passenger vehicle, vehicle accessories, and production components in Mexico.
Televisions and computers
Another important item is that of computers, televisions, and video technology, because exports of this type of Mexican merchandise to the United States totaled 36.6 billion dollars in 2018, according to data from the US Census Bureau. Mexico is a world leader in the assembly of electronic devices, only behind China. And the United States is its main market.
Farm products
Mexico sold to the United States agricultural products worth 12 thousand 500 million dollars in 2017. That amount even exceeded oil exports that totaled 10 thousand 300 million. The agricultural sector represents 4.1 percent of total Mexican exports to the northern neighbor.
Alcoholic drinks
In the alcoholic beverage sector, Mexico exported the US $ 5.2 billion worth of goods to the United States last year. Mexico sells more than 360 million boxes of beer to the United States, according to Beer Institute statistics. According to the commercial agency, if the 5.0 percent tariff was applied in June, the costs for US importers of Mexican beer would increase by 12.5 million dollars. With the maximum rate of 25 percent, this amount would be close to 990 million dollars a year.
