According to CoinMeta, the Mexican government is pushing for the United States to reduce tariffs on North American cars as part of discussions to renegotiate the US-Mexico-Canada Agreement (NAFTA). This move is in response to the previous proposal by the Trump administration to require a greater use of domestically manufactured car parts. Currently, the Trump administration imposes a 25% tariff on car parts originating from Canada and Mexico that are not made in the United States. The recent Mexican proposal aims to expand the range of tax-exempt parts in cars and to lower the maximum tariff rate for North American vehicles. Under Mexico's plan, the United States would only impose tariffs on the value of car parts produced outside of North America, which means that parts from Mexico and Canada would be exempt from taxes. For North American cars that do not meet the requirements of the agreement, this plan would reduce the overall tariff rate from 25% to a lower level, possibly 5% or 10%.