That's because many companies specifically expanded production in the country in a so-called nearshoring effort in response to Covid disruptions and the tariffs from the first Trump administration.
"If we increase the tariffs on Mexico, it's actually penalizing the companies that have been very progressive and trying to make great strides and restructure their supply chain," said Richard Barnett, chief marketing officer of Supplyframe, a Siemens subsidiary that makes software which tracks electronics component prices and lead times.
Electronic products imports from Mexico rose from $86 billion in 2019 to $103 billion in 2023, or about 18% of total electronics imports, according to the International Trade Commission. It's the second-largest source for electronic products imports in the U.S. after China, which reported $146 billion in imports in 2023.