Among the many types of industry and the products they manufacture, Mexico includes the following, with some representative companies:
Note: some of these industries are subsidiaries of foreign companies (for example, Hewlett-Packard Mexico) but these assemble or manufacture products for such brands in Mexican soil. These are commonly known as maquiladoras.
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Tariffs are taxes imposed on imported goods. The intent of tariffs is to make foreign-manufactured goods more expensive, thus making domestic goods more attractive by comparison.
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The Europen explorer who who taded manufactured goods for gold was Henry Morten Stanley.
Probably the most important reason is the cost of labor. American laborers earn much more than workers in Third World countries so goods manufactured there can be made cheaper and sold to us cheaper. Another contributing factor is the improvement in communication and transportation. Goods from outside the US can often get to US markers as fast as goods made here.
They were pretty reasonable. See related questions for further information.