HK Stock Market Move | NEXTEER (01316) rose nearly 6% again, with US, Canada and Mexico tariffs policies fluctuating, the company is the largest steering systems supplier in North America.

NEXTEER (01316) rose nearly 6% again, rising 3.95% to HKD 5.53 as of the time of writing, with a turnover of HKD 2.04 billion. On the news front, the Trump administration began imposing a 25% tariff on imports from Mexico and Canada starting this Tuesday, but just one day later announced a temporary suspension of the implementation and extended the exemption period until April 2. The unpredictable changes in tariff policies caught the market off guard. It was reported that Trump had already granted a one-month exemption to cars covered by the US-Mexico-Canada Agreement. Guocai International previously pointed out that NEXTEER is the largest steering system supplier in North America, with factories in Mexico and North America, and its core customers are Ford, General Motors, and Chrysler, with stable cooperation relationships for decades. Tariff changes can be mitigated through production shifts and customer cost-sharing. China International recently stated that 40% to 45% of NEXTEER's revenue in North America comes from its Mexican factories and will be affected by the increase in tariffs imposed by Trump.