The Mexican Business Council of Foreign Trade, Investment and Technology (COMCE) warns that Donald Trump’s tariffs, as a commercial weapon, violates the spirit and rules of the United States, Mexico and Canada (TMEC) Treaty.
“The essence of a commercial treaty lies in the ease of access and the certainty it provides for investment and trade, and thus generate employment and prosperity,” said the agency chaired by Valentín Diez Morodo.
He adds that 25 percent tariffs imposed by Donald Trump weaken the regional productive apparatus, increasing costs for consumers in North America and allowing our exports as a region to other countries to lose competitiveness.
On Saturday, the president of the United States, Donald Trump, signed the executive orders for which 25 percent tariffs for the goods of Mexico and Canada (with the exception of Canadian oil, which will only have only will have only 10 percent) and 10 percent for China.
Since his particular residence of Mar-A-Lago in Florida, the president made a promise announced repeatedly and that can unleash a commercial war.
“It is not with the imposition of tariffs that problems are solved, but speaking and dialoguing how we did in recent weeks with its State Department to address the phenomenon of migration,” said Claudia Sheinbaum, Pardo President of Mexico, who He rejected the measures imposed by Donald Trump and replied with mirror measures.
“He instructed the Secretary of Economy to implement Plan B that we have been working on, which includes tariff and non -tariff measures in defense of Mexico’s interests,” said the president.
“I want to talk to the Americans: this is a decision that we do not make, but that it will have many consequences for you, because I have constantly said that if you attack Canada, your businesses will be put at risk,” said Justin Trudeau, Prime Minister from Canada.
“This decision will have consequences for the people of America: it will put jobs at risk, it will raise prices for you and violate the treaty that we have between the three countries (Mexico, the United States and Canada), but it does not have to be so,” said the Representative of Canada, who also applied tariffs to several Made in USA products.
The executive signed by Donald Trump weakens the economies of Mexico, the United States and Canada, making them more vulnerable, said the Mexican Business Council of Foreign Trade, Investment and Technology.
Donald Trump’s tariffs will increase the commercial deficit of North America compared to other markets, he recalled.
“Mexico and Canada are the first and second commercial partner of the United States, respectively. When they are forced to respond, exporters from the United States will be adversely affected, ”said the Comce.
He added that this attentive commercial weapon against workers and consumers in the region and forces the affected countries to respond.
Mexico has fulfilled the commitments derived from NAFTA and TMEC: “It is a reliable partner, especially in crucial moments for the value chain of this region that contributes 30% of the world GDP.”
This executive order puts at risk the shared prosperity that has been built in the last three decades, he concluded.
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