Ebrard affirms that Hyundai will maintain production in the country

The Secretary of Economy, Marcelo Ebrard, affirmed that the production of the Hyundai automotive company will continue in the city of Monterrey, following confirmation from an executive of the South Korean company in the midst of the trade tensions unleashed by the United States.

Ebrard specified that the company will allocate production of the Tucson model to other countries with which Mexico has a free trade agreement, without stating which ones.

“Hyundai's production in Monterrey will continue, as confirmed to me by Carlos Carrasco, Hyundai's Legal and Government Relations Director. The company will allocate production of the Tucson model to other countries with which we have a free trade agreement,” said Ebrard.

Hyundai's production in Monterrey will continue, as confirmed to me by Carlos Carrasco, Hyundai's Legal and Government Relations Director. The company will allocate the production of the Tucson model to other countries with which we have a free trade agreement.

Ebrard responded to the information published by several media that due to trade tensions and the tariffs imposed by the government of U.S. President Donald Trump, Hyundai decided to transfer the production of its Tucson model, one of its best-selling models, from the plant in Mexico to Alabama, in the United States.

Previously, the Mexican government affirmed Thursday that “none” of the 1,937 projects of a portfolio of private investments for an amount of US$298 billion were canceled despite the tariffs of Trump's president.

“I was wondering someone: Hey, haven't some been canceled? None have been canceled as of today. That's important for us to know, because then people say things that aren't. No project has been canceled,” Ebrard assured.

Trump announced that he would “punish” Mexico and Canada -for considering that they do not do enough against irregular migration and fentanyl trafficking- with a 25% tariff, although he froze in March the application of this customs tax on goods included in the US trade agreement sealed in 2020 with its two neighbors (USMCA).

When last April 2 Trump announced what he called “reciprocal tariffs” that implied generalized rates of 10% and higher volumes for other regions and countries, such as China or the European Union (EU), which export a lot to the United States, Mexico and Canada were left off the list of punished countries.