Mexico may impose tariffs over proposed U.S. electric car tax credit

Investing.com | Dec 2, 2021 at 8:49 PM
  • Mexico is analyzing a range of responses to a proposed U.S. electric vehicle tax credit and would even consider applying tariffs, Mexican Economy Minister Tatiana Clouthier said on Thursday.
  • The U.S. Congress is considering a new $12,500 tax credit that would include $4,500 for union-made U.S. electric vehicles.
  • Only U.S. built vehicles would be eligible for the $12,500 credit after 2027, under a House proposal.