Mexico’s gripe with U.S. trade pact: South Korea has better deal

Mexico is expressing dissatisfaction with the trade agreement it has with the United States, arguing that its terms are less favorable than those granted to South Korea. Mexican officials have presented data indicating that the average tariff applied to automotive exports from Mexico stands at nearly 19%. This rate is reportedly higher than the 15% tariffs imposed on certain vehicles entering the U.S. from Asian markets.

This situation highlights potential trade imbalances and could impact the competitiveness of Mexico's automotive industry within the North American market.