Nissan CEO Makoto Uchida said President Donald Trump’s tariffs against Mexico could move automobile production out of the country.
“From Mexico to the U.S., we are exporting a significant number of cars this fiscal year […] 320,000 units are exported from Mexico to the U.S., and if the high tariffs are imposed, we need to be ready for this, and maybe we can transfer the production of these models elsewhere if this were the decision, we will think how we can make it a reality while monitoring the situation,” Uchida said, according to Reuters.
The suggested move could be devastating to Mexico, as Nissan produced roughly 670,000 vehicles in the country in 2024. Nissan exports 450,000 of those vehicles, making it the second-largest producer in Mexico behind General Motors.
“We are exporting a large volume to U.S., so if there’s a high tariff, this would have huge…
