MEXICO CITY – A threat by President-elect Donald Trump to put a 35 percent tariff on imported goods produced by U.S. companies in Mexico may already be slowing investment in Mexico’s booming auto industry, according to a Mexico City-based analyst.

In addition to a 35 percent tariff, Trump has called for renegotiating NAFTA, the free-trade agreement between the U.S., Canada and Mexico that took effect in 1994 and eliminated tariffs and barriers to trade.

Control Risks predicts in a new report that “some investments in the automobile sector will be put on hold in the short to medium term as a result of renegotiation of NAFTA and the enactment of tariffs, as well as pressure from the U.S. government on specific companies.

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