The imposition of tariffs has generated concern in several economic sectors, with the importing trading company and U.S. consumers being the most affected. The Mexican automobile manufacturer, for example, will lose attractiveness due to the increase in the price of their products.
Depending on the product or service, the trading company could absorb partially or fully the import tax, which would ultimately impact consumers. In the case of automobiles, buyers might seek alternatives, but the competitiveness of the Mexican automobile was based on its price and quality.
Mexico has the opportunity to create a commercial strategy to protect its economy and remain active in international trade. Despite the imposition of tariffs, the Mexican manufacturer can continue to compete on price and quality, remaining attractive to consumers.
In a tariff war situation, both consumers and producers would be harmed. Tariff policies have led to discussions on trade agreements and negotiations to minimize economic impact.
The Bank of Mexico has reduced its economic growth expectations for the country, generating uncertainty and economic distortions. The decrease in sales and the search for new markets by Mexican automobile manufacturers would contribute to a challenging economic outlook.
In summary, the imposition of tariffs has affected various economic sectors and the country's growth projections. It is essential to seek solutions that minimize negative repercussions and maintain competitiveness in the international market.
