June 4, 2019 / 5:49 PM / 23 days ago

Aptiv says proposed Mexico tariffs to cost $17 million per month

(Reuters) - U.S. auto parts maker Aptiv Plc said on Tuesday if the Trump administration levied a 5% tariff on Mexican imports, it would cost the company $17 million per month.

Speaking at an investor conference in Boston, company executives said Aptiv imports products worth a little over $3 billion a year from Mexico.

U.S. President Donald Trump has threatened to impose tariffs on imports from Mexico in a bid to curb illegal immigration - a move that analysts say could cost automakers and suppliers as much as $23 billion.

Reporting by Sanjana Shivdas and Vibhuti Sharma in Bengaluru; Editing by Shinjini Ganguli

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