Germany and Mexico strengthen trade ties amid Trump tariff threat

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DW Español

Published on Nov 19, 2024
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Over the past decade, Germany has significantly increased its investment in Mexico, consolidating itself as its main trading partner in Europe and the fourth largest worldwide. However, Donald Trump’s recent victory in the US elections has raised concerns among German manufacturers operating in Mexico to supply the US market. The new administration’s promises to impose 25% tariffs on Mexican imports have set off alarm bells in the German business community. In response, Chancellor Olaf Scholz is seeking to strengthen cooperation with Mexico during the G20 summit in Rio de Janeiro, with the aim of mitigating possible economic impacts and exploring joint strategies to face the trade challenges ahead.

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