Mexico celebrates dodging latest US tariffs but uncertainty over future of trade continues

(4 Apr 2025)
RESTRICTION SUMMARY:

ASSOCIATED PRESS
Mexico City – 3 April 2025
1. Mexican President Claudia Sheinbaum arriving at event to announce measures to boost Mexico’s economy
2. Participants being introduced
3. Businesspeople waiting for Sheinbaum’s speech
4. SOUNDBITE (Spanish) Claudia Sheinbaum, President of Mexico:
"The relationship of dialogue and cooperation with respect for each other’s sovereignty that we have built with the U.S. government is very important. This was reflected yesterday in the preferential treatment we had in terms of trade."
5. Members of Indigenous groups attending the event, seen from behind
6. SOUNDBITE (Spanish) Claudia Sheinbaum, President of Mexico:
"We are still in talks with the U.S. government to improve the conditions for steel and aluminum exports and for the automotive industry, which will allow us to achieve a better agreement. For this reason, we must always be grateful for the U.S. President’s willingness to engage in dialogue with respect for our country."

ASSOCIATED PRESS
Toluca, Mexico – 3 April 2025
7. Aerial of plant from multinational automotive manufacturing company Stellantis, closed after tariff announcement ++MUTE++
8. Sign reading (Spanish) "Car assembly plant"
9. Cars parked outside plant
10. Close of Stellantis logo

ASSOCIATED PRESS
Puebla, Mexico – 3 April 2025
++ QUALITY AS INCOMING ++
++VIDEO CALL++
11. SOUNDBITE (Spanish) Isidro Morales, expert in North American integration:
"I believe that even though here they (Mexican government) want to portray it (exclusion from U.S. general tariffs) as a victory, they must ensure that the rule of origin is not interpreted in the way Trump wants to interpret it, and enforce the document shielding the automotive sector (from tariffs) that was signed precisely with that perspective in 2018, as part of USMCA."

ASSOCIATED PRESS
Toluca, Mexico – 3 April 2025
12. Aerial of Stellantis plant exterior ++MUTE++
13. Various of workers entering and leaving plant
14. Vehicles driving past Stellantis plant

ASSOCIATED PRESS
Mexico City – 3 April 2025
15. SOUNDBITE (Spanish) Alejandro Malagón, President of Mexico’s Confederation of Industry Associations:
++AUDIO QUALITY AS INCOMING++
"This is the situation right now, but it doesn’t end here. The dialogue continues and she (Mexican President Sheinbaum) has a plan on how she and (Mexico’s Economy Secretary) Marcelo Ebrard are going to manage to lower these tariffs even further. If we look at it with optimism, it is not as they say, that ‘the unhappiness of many is consolation for others’ but if you look at how we are doing compared to the rest of the world, we were the ones who came out best."

ASSOCIATED PRESS
Ciudad Juarez, Mexico – 2 April 2025
16. Aerial of vehicles on Mexico-U.S. border bridge ++ MUTE ++
17. Various aerials of trucks at Mexico-U.S. border ++ MUTE ++
STORYLINE:
Mexico celebrated Thursday having dodged the latest round of tariffs from the White House taking aim at dozens of U.S. trading partners around the world, but was also quickly reminded that in a global economy the effects of uncertainty can’t be entirely avoided.

Despite Trump’s latest tariffs not being imposed on Mexico, the uncertainty they created and the interconnectedness of the North American auto supply chains meant it didn’t take long for the effects to touch Mexico.

Stellantis, maker of auto brands including Dodge and Jeep, announced that it would pause production at its assembly plant in Toluca west of Mexico City for the month of April while it assesses the tariffs’ impact on its operations.

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