Japan auto companies Triple Mexican pay rather than move to US

Nobody with any sense trusts tRump

The new North American free trade agreement that goes into effect Wednesday was touted by U.S. President Donald Trump as an engine of American job creation. But Japan's automakers are largely opting instead to keep operations in place and pay Mexican workers more or even just pay tariffs.

The US-Mexico-Canada Agreement requires 40% or more of parts for each passenger vehicle be manufactured by workers who are paid at least $16 per hour as a condition to make them tariff free in the region. Trump hailed that feature as a way to boost production in the U.S., which has a higher hourly rate than Mexico.


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Trump helps Mexican Workers so they'll just stay there!

So either the mexican people get a raise or the american people get tariffs sounds like a win win to me wichever route they decide to go

Building up Mexico is a win for the US. Strong border partners. It’s also way more efficient to trade across borders than trade across seas

Yep and keeping them beaners at home instead of invading the u.s

Yep and keeping them beaners at home instead of invading the u.s

Did you click it and read it?


"One reason is the cost of moving production. Honda Motor-affiliated parts maker Keihin will raise the hourly wage of employees at a factory in Mexico to $16 by next month -- triple the average rate of a parts factory in Mexico, but still cheaper than making a move.

...


Auto component maker Piolax, will also raise the hourly wage at its Mexican plant to $16 within the year. The company is also installing robots to mitigate rising labor costs, President Yukihiko Shimazu said."

The new North American free trade agreement that goes into effect Wednesday was touted by U.S. President Donald Trump as an engine of American job creation. But Japan's automakers are largely opting instead to keep operations in place and pay Mexican workers more or even just pay tariffs.

The US-Mexico-Canada Agreement requires 40% or more of parts for each passenger vehicle be manufactured by workers who are paid at least $16 per hour as a condition to make them tariff free in the region. Trump hailed that feature as a way to boost production in the U.S., which has a higher hourly rate than Mexico.


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Trump helps Mexican Workers so they'll just stay there!

Yep and keeping them beaners at home instead of invading the u.s

Mexicans actually work, Americans look at their phones every 60 seconds and have a bad attitude when asked to do anything.

Which country buys most of those cars?

Where's the market?

You can make them but who's going to buy them.

good point

Yep and keeping them beaners at home instead of invading the u.s