Traton, Volkswagen's truck unit, stated during a post-earnings call on Monday that they do not expect a significant short-term impact from U.S. tariffs on imports from Mexico. Despite 65% of the 70,000 trucks supplied by the German group to the U.S. last year being assembled at its Mexico plant.
Last week, U.S. President Donald Trump postponed tariffs of 25% on Mexico and Canada for automakers by one month on vehicles that adhere to the rules of origin outlined in the 2020 U.S.-Mexico-Canada Agreement.