The Mexican Institute of Finance Executives (IMEF) He said that Donald Trump’s tariffs charged to Mexico’s exports will affect the investment and consumption of both markets.
“The imposition of tariffs could have an immediate effect on consumers in the three countries by complicating inflation control at critical moments,” he said.
LEE: FULFILL IT: Trump orders 25% tariffs to imports from Mexico and Canada
Donald Trump’s tariffs could prevent a more accelerated reduction from interest rates, which “would affect investment and consumption in both countries,” he said.
“It raises uncertainty for investment, at times when the Mexican economy had already been showing important signals of weakening, with a slowdown in consumption, loss of committed jobs and public finances,” said the agency led by Gabriela Gutiérrez Mora.
On February 1, 2025, the president of the United States, Donald Trump signed the executive orders for which the promised 25 percent tariffs for the goods of Mexico and Canada enter Tuesday (with the exception of Canadian oil, which 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.
“From the IMEF we express our concern about the impact that this measure could have on economic stability, regional integration and competitiveness of North America in a global environment that is in transformation and that requires long -term strategic unity and vision,” he said .
The IMEF added that the integration of the three countries on the basis of collaboration, confidence and mutual respect are the key to building a more promising future for our inhabitants and to cement a strategic alliance that allows us to compete successfully with other regions of the world.
“It is also necessary to define and implement immediate support programs to the companies established in Mexico and affected by tariffs, supporting them to preserve their activities and maintain employment sources, find new alternative suppliers and new markets to diversify their operations,” he said.
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The business agency commented that it is attentive to the development of the situation and we will analyze with technical bases the economic repercussions of the same.
“We vote for our country to maintain a firm but constructive and open position to dialogue against the United States government. It is in unity, with responsibility and strategic vision that you can find definitive solutions to the challenges that this situation raises, ”concluded the IMEF.
