Cargado reposted this
Brace yourself: a MASSIVE wave of nearshoring is about to hit North America. President Trump just announced sweeping new tariffs, dubbed "Liberation Day," targeting global trade with massive penalties: 🇨🇳 China: 34% 🇮🇳 India: 26% 🇪🇺 European Union: 20% 🇯🇵 Japan - 24% 🇻🇳 Vietnam - 46% But here's the kicker: America's closest neighbors and largest trading partners — Mexico and Canada — are EXCLUDED. If you've been paying attention, cross-border trade with Mexico and Canada was already surging. With these tariffs, particularly on manufacturing powerhouses like China and India, the shift toward North American nearshoring is about to go into hyperdrive. Mexico and Canada aren't just the safe bets — they're the smartest investments on the table. Get ready. The North American trade renaissance is here. The only way to prepare is by leveraging Cargado to support this evolving supply chain!
Matt, Canada and Mexico were in the first round of 25% and did not make todays list.
Well tariffs on car parts do not exclude Mexico or Canada and that is one of the biggest industries that is shared cross-border between the three countries so I don't think that the assessment is correct. The automotive industry employees about 4 million people in Mexico and it exports about 70% of cars and parts to the US. Mexico's president also said that she would be responding to these tariffs today so I guess we will see what that looks like. You know who was spared was Russia and Belarus, explain that one to me...
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Mexico and Canada were not part of this because it's a completely different negotiation
I was born and raised in the border. The US and Mexico need each other in more ways than one, although doing business together is one of the best ways to reap the benefits of bringing our countries and cultures together. I'm all for shared North American prosperity, we can do a lot together.
Well done... nice post.
Robots my friend is the name of the game
I was going to suggest taking advantage of the gap in the exchange rate by doing more business with Canadians based on our two currencies surrounding transportation.
Interesting times ahead. Tariffs are reshaping the rules of global trade, and Mexico now holds a strategic position. But proximity isn’t enough — we must prove to be reliable, competitive, and agile.
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