Trump's tariff plans could impact major companies with operations in Mexico

President-elect Donald Trump has announced plans for tariffs on the U.S.'s largest trading partners: Canada, Mexico, and China. This move could impact many companies with manufacturing operations in Mexico. Asian automakers like Honda, Nissan, and Toyota have significant production in Mexico for the U.S. market. Honda's COO indicated potential shifts in production if tariffs are imposed. Mazda and Kia also have operations in Mexico, with Mazda expressing the need to assess the situation carefully. In addition, companies like Tesla, Foxconn, Lenovo, and LG Electronics have established or expanded their manufacturing in Mexico. They are now reviewing their strategies in light of the proposed tariffs.