Nissan CEO Makoto Uchida signaled that if the United States imposes 25 percent tariffs on products from Mexico, the automotive company may have to move production out of Mexico.
“We are exporting a large volume to U.S., so if there’s a high tariff, this will have huge implications on our business, so we need to monitor this carefully,” Uchida said in a press conference on Feb. 13 when he was asked about potential tariffs imposed by the Trump administration on Mexico.
Nissan exports a “significant number” of cars to the United States from Mexico, the chief executive said.
“If the high tariffs are imposed, we need to be ready for this,” Uchida said. “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.”…