The Employers Confederation of the Mexican Republic (Coparmex) has asked the Government of Mexico to take firm measures and use the mechanisms provided in the Free Trade Agreement between Mexico, the United States and Canada (T-MEC) to challenge the 25% tariffs imposed by the Administration of Donald Trump on Mexican products.
The employers' organization, which represents more than 36,000 businesses contributing 30% of Mexico's gross domestic product, has emphasized the importance of maintaining stability in economic relations with the country's main trading partners under fair and reciprocal conditions.
In a statement, Coparmex urged the Mexican Government to defend the country's economic interests and question the unilateral measure from the United States that, according to the confederation, goes against the principles of T-MEC and jeopardizes the competitiveness of the region.
The business confederation has also warned about the possible economic consequences of these tariffs, which could lead Mexico to a recession and increase the exchange rate above 22 pesos per dollar. This would affect production costs, the purchasing power of families, and could generate inflationary pressures both in Mexico and in the United States.
In light of this situation, the President of Mexico, Claudia Sheinbaum, announced that she plans to speak in the coming days with U.S. President Donald Trump, hoping to achieve the suspension of the tariffs. Additionally, Sheinbaum mentioned the need to diversify Mexico's export markets due to high dependence on the U.S., also considering the possibility of applying retaliatory tariffs.
The implementation of the tariffs has generated uncertainty in supply chains and bilateral trade, and Coparmex has reiterated the importance of maintaining the competitiveness of the Mexican economy in the face of unilateral decisions that undermine regional cooperation.
