> back in 2020, mexico decided to open the door wider to imports from china. a decree dropped import tariffs on cars from 20% to 0%. the idea was to give some mexican car buyers access to low-cost evs > the p.r.c. will ship close to 500,000 vehicles to mexico this year. china has blown past the united states to become mexicos number one supplier of cars > one of every three new cars sold in mexico this year will be built in china. thats up from just 4% in 2020 1-in-3 cars sold in mexico are chinese. market share went from 4% to 30% in 4 years. it might be even higher in 2025, about 40% of market share. this should be worrying.
Canada