Some 320,000 jobs in the local automotive industry would be at risk of following the trend of Mexico’s commercial deficit with countries such as China, South Korea or India, said the Secretary of Economy, Marcelo Ebrard.
When defending the proposal to raise tariffs with countries with which there are no agreements, the official argued that between 2020 and 2024 the commercial deficit with those countries almost doubled when growing 83%, which resulted in the loss of employment in several sectors.
He argued that 130,000 jobs were lost in the textile and footwear industry.
“In the automotive industry they could be at risk, if the deficit trend, 320,000 jobs follows,” he said at the end of an event on the program made in Mexico.
Lee: China opens research on tariffs and commercial restrictions in Mexico
He said that many of the countries with which Mexico dialogues for the tariff proposal by 2026 raised their barriers last year, “because they have their priorities and we respect the decisions of each country.”
The Government raised in its economic package 2026 to impose tariffs of up to 50%, the maximum allowed by the World Trade Organization (WTO), to more than 1,400 products from different strategic sectors imported from the Asian continent with the aim of strengthening the national industry.
On Friday China began an investigation to study the impact that these taxes could have in the Eastern country, if approved by the Senate.
With EFE information
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