The internal trade that exists in Mexico can mitigate part of the consequences that the tariffs that Donald Trump plans to impose on Mexico would generate, specialists estimated.
“We believe that the internal market that our own clients serve is sufficient to also maintain growth prospects, that is, at the end of the day our clients also already have an economic activity, which may not grow as we expected but will grow”, considered Pablo Varela, CEO of Sofipo Came.
However, he commented that “as we go” the performance of economic and consumer activity in Mexico will be analyzed and whether it is being affected by the Republican’s policies.
“Well, look, we’ll see as we go along how this whole issue plays out. “We really believe that this scenario of threats that we have seen in recent days is really harmful to everyone,” he said.
In this sense, he mentioned that despite the threats of tariffs and uncertainty, there is an opportunity for growth for micro, small and medium-sized companies.
“We do see an opportunity going forward to say, the full effect that can occur from very large investments that the country can capture and that, in cascade, will be reflected throughout our market,” he said.
He explained that nearshoring is promoting MSMEs and that they in turn seek to grow their operations, so the Sofipo and banking sector also has an opportunity for growth.
We serve microentrepreneurs, microentrepreneurs, MSMEs, who work every day and what we see is that there can be a, let’s say, cascade effect with all these economic growth investments for our clients as well,” Varela commented.
“And what we see is that more and more people are also going to need, let’s say, credit, investments, to strengthen their financial situation and to also strengthen that economic activity that we hope will benefit,” he added.
The expert explained that they observe that women entrepreneurs will be among the “most benefited” and that this will impact other economic sectors, adding that this sector is one of the ones that contributes the most to the economy.
Recently, Altagracia Gómez, business advisor to Claudia Sheinbaum’s government, said that the majority of investments in Mexico are local and that for that reason businessmen want to continue injecting their capital into the country.
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