Wall Street Week North America Auto Tariffs, American Worker Shortage, 20 Years After Hurricane Katrina
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Sep 26, 2025 Shannon O'Neill, Senior Vice President at the Council on Foreign Relations, provides insights on investor concerns in Mexico, highlighting judicial reform and security risks that affect investment opportunities. The discussion delves into the complexities of U.S.-Mexico trade relations, particularly auto tariffs and their impact on supply chains. Additionally, O'Neill discusses how workforce shortages in North America are being addressed, emphasizing the role immigrant labor plays in revitalizing local economies, such as a manufacturing plant in Fargo.
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Nearshoring Potential Vs Political Risk
- Mexico offers a nearshoring opportunity as companies relocate production from Asia to Mexico.
- Political uncertainty and security concerns, however, are freezing much of the investment appetite.
Avoid Broad Tariffs, Pursue Cooperation
- Coordinate policy with the United States rather than impose broad tariffs that raise consumer prices.
- Focus on competitiveness and private capital to drive Mexico's economic transformation.
Auto Supply Chains Need Tariff-Free Flow
- Integrated North American auto supply chains cross borders multiple times, making tariffs highly disruptive.
- Industry leaders argue for tariff-free movement and stronger North American content rules to preserve competitiveness.