Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last hour:
Last 24 hours:
Total:

BYD Mexico Plant in Limbo After Trump Win [Op-ED]

% of readers think this story is Fact. Add your two cents.


BYD’s plans for a car plant in Mexico may be in limbo after Donald Trump became the next President of the United States. 

On Thursday, November 28, the President of Mexico, Claudia Sheinbaum, shared that BYD has not issued a “firm” project proposal to establish a car plant in the country, reported Bloomberg. Before Trump became the United States’ next President-elect, BYD appeared to be preparing to build an EV car plant in Mexico. 

In February 2024, BYD reportedly started looking at sites in Mexico for overseas production. By May 2024, The Chinese automaker launched the BYD Shark NEV in Mexico, hoping to expand sales of the new energy vehicle in North America and Australia. 

Two months ago, BYD requested an extension on electric vehicle (EV) tariffs from the Mexican government. 

“The proposal to the Mexican government is to see the possibility of, through our investment in a new plant, having the conditions to extend the decree,” said BYD’s country head, Jorge Vallejo, at the time. 

However, progress on a potential BYD car plant in Mexico seems to have come to a halt after Trump’s triumph in the 2024 US Presidential elections. The Chinese automaker is likely waiting to see if Trump will impose higher tariffs on imports from Mexico. 

US President-elect Donald Trump has suggested he would impose 25% import duties on goods from Mexico if the country does not stop drugs and migrants from crossing the border into the United States. Trump proposed tariffs as high as 35% on imports from China. 

The Mexican government has threatened to impose tariffs on US goods if Trump enforces 25% duties. Mexico’s President Sheinbaum talked with President-elect Trump and stated they had a “very kind” phone call. After their conversation, Sheinbaum stated “there will not be a potential tariff war.”

However, BYD is still in a precarious situation. Even if Trump does not impose 25% tariffs on goods from Mexico, he could decide to implement tariffs on goods from China, affecting BYD.

If you have any tips, contact me at [email protected] or via Twitter @Writer_01001101.

The post BYD Mexico Plant in limbo after Trump Win [Op-ED] appeared first on TESLARATI.


Source: https://www.teslarati.com/byd-mexico-plant-stall-trump-win/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.