President Claudia Sheinbaum must focus on securing energy infrastructure and safe roads before advancing in negotiations for the elimination of tariffs on steel and aluminum against Mexico. Mexican entrepreneurs face the challenge of changing their approach and risking capital, which is crucial in a country where the business culture tends to minimize risks at the cost of low profits, as noted by the US Chamber in an official letter to the president.
"We have heard from a historic number of small businesses that make it clear: they need immediate relief from tariffs," declared Suzanne P. Clark, president of the US Chamber of Commerce, which has traditionally supported Republican candidates.
Trade experts in North America agree that the position of Mexican entrepreneurs and the impact of the trade war initiated by the Trump administration open new opportunities for Mexico. Companies like Prodensa plan to shift their focus towards manufacturing production to adapt to the current situation. As Trump seeks victories in his country, Mexico could benefit from an increase in production and foreign investment.
In a context where small businesses are threatened by rising costs and supply chain disruptions, many industries face significant challenges. The imposition of tariffs affects the costs of imported inputs, which impacts the final prices of products, reducing the competitiveness of Mexican exports.
Despite the complex situation, Mexico is shaping up as an attractive destination for production, especially due to its efficiency and skilled labor compared to other regions. The uncertainty regarding trade negotiations between the United States and China raises concerns in various sectors, which could benefit Mexico in the short and medium term.
The CEO of Prodensa, Emilio Cadena, highlights that there is growth potential in the manufacturing industry in Mexico, through technical training and the creation of specialized jobs. Meanwhile, the US Chamber warns of the imminent impacts of the trade war in the region, emphasizing the importance of finding quick solutions to mitigate the negative effects on local businesses.
