Many Mexican business leaders assert that their companies are positioned to thrive during another Trump administration. So long as he proceeds with his promise to increase tariffs on Chinese imports, that will amplify the need for alternative places to manufacture goods. "Trump hates China more than he hates Mexico," said Isaac Presburger, whose family apparel business outside Mexico City has long exported to the US.
"This is a huge opportunity." 'Trump can't do what he wants to do on China without Mexico.' Emmanuel Loo, Nuevo Leon For now, uncertainty reigns.
Mazda, a Japanese car maker, is holding off on future investments in Mexico until Trump's plans take shape. Honda has told investors that tariffs on Mexican-made vehicles could force it to consider shifting production elsewhere. "If I was a member of a corporate board or a CEO, I'd think hard right now about investing in Mexico until you get more clarity," said Shannon K O'Neil, a Latin America expert at the Council on Foreign Relations in New York.
The nearshoring boom has been bountiful in Monterrey, a metropolis of more than 5 million people sprawling across a desert valley framed by the jagged peaks of the Sierra Madre. The capital of Nuevo Leon state, Monterrey lies within three hours of the US border by truck. It has a reputation for relative security along with luxurious hotels and restaurants.
That combination has attracted foreign investment. Pallets of compressor cases at a factory that makes air-conditioning .
