News Briefing According to a report by The Wall Street Journal, Mexican officials are growing concerned that approving a factory for Chinese electric vehicle (EV) giant BYD in the country could provoke Donald Trump. This highlights how Trump’s election as U.S. President has already forced nations and corporations to rethink their strategies. Impact analysis Trump's election victory came with threats of imposing a 25% tariff on Mexican goods. Regardless of how much of this policy is ultimately implemented, it has created a sense of urgency among businesses planning investments in Mexico, as well as the Mexican government. For instance, Foxconn recently announced a $1 billion expansion in the U.S. Companies are now reevaluating the viability of investing in the U.S., and the Mexican government, in an effort to secure favorable negotiating leverage after Trump takes office, is becoming cautious about Chinese investments. While Chinese investments could boost local industries and economic activity, concerns about potentially harming U.S.-Mexico relations have led to a more conservative approach toward Chinese enterprises seeking to invest in Mexico. In addition to pledging stricter border control, Mexico might seek to curry favor with the U.S. by raising barriers to Chinese investments or even outright banning them. This could reduce the likelihood of high tariffs in future trade negotiations. Given Mexico’s strategic position as a gateway to the North American market, such developments could benefit non-Chinese companies operating in the region. Should Mexico's industrial dynamics shift as a result, Taiwanese suppliers using the country as a springboard could also gain an advantage. According to a report by The Wall Street Journal, Mexican officials are growing concerned that approving a factory for Chinese electric vehicle (EV) giant BYD in the country could provoke Donald Trump. This highlights how Trump’s election as U.S. President has already forced nations and corporations to rethink their strategies. North America is one of the world’s most important automotive markets, and for Taiwanese PCB manufacturers, which primarily serve European and American brands, it holds significant value. In recent years, these brands have lost market share due to competition from Chinese EVs. If the situation evolves as outlined above, coupled with Trump’s lesser focus on EVs compared to Biden, this could create opportunities for certain Taiwanese automotive PCB manufacturers to benefit under the new administration.