Mexico's exports to the United States grew by 6.5 percent from 2023 to 2024, while Mexican imports from the neighboring nation have also experienced an increase. In light of the prospect of a more restrictive policy from Donald Trump as the next president of the United States, Larry Rubin, president of the American Society (Amsoc), has emphasized the need for Mexico to step up and work to maintain a strong relationship during the renegotiation of the USMCA.
Rubin pointed out that Trump has priorities such as migration flows and combating drug trafficking, which require effective solutions and regional cooperation. If Mexico does not take this transnational dynamic into account, there is a risk of being excluded from key trade agreements like the USMCA. Decisions such as the election of judges by popular vote and the disappearance of autonomous bodies could affect bilateral relations.
The Amsoc president acknowledged that Mexico and the United States are interdependent, although he warned that Trump will not hesitate to implement his policies once he takes office. He highlighted sectors such as pharmaceuticals as investment opportunities, thanks to Mexico's proximity to the US market. Altagracia Gómez, president of the Business Promotion of the West, stressed the importance of innovation and training to enhance human talent in Mexico.
Marcelo Ebrard, Secretary of Economy, indicated that he will respond to US tariff threats with determination. In a scenario where Trump has announced potential tariffs on Mexican exports, Ebrard emphasized the importance of maintaining a beneficial trade agreement for both nations. In light of the upcoming challenges in the renegotiation of the USMCA, it is crucial for Mexico to prepare to face possible economic and political implications.
