What Happened
Growth Slows Amid Uncertainty Over USMCA Review
The Mexican aerospace industry is experiencing a slowdown in growth due to uncertainty surrounding the US market and the review of the USMCA. The industry, which has grown by double digits in the past, is now expected to grow by 8% this year, according to the Mexican Aerospace Industry Federation. With nearly 80% of its exports destined for the US, the industry is seeking support from the Ministry of Economy to prevent the slowdown from worsening. The situation was reported by MEXICONOW.