Catastrophic Impact on GDP from Tariffs

The impact of tariffs would be catastrophic for Mexico, reducing GDP growth by up to two points. Business leaders commit to hiring deported migrants, offering up to 50 thousand jobs in various industries.


Catastrophic Impact on GDP from Tariffs

According to various news sources, a potential catastrophic impact for Mexico has been warned in case the United States imposes tariffs on the country. It is estimated that this could subtract up to two points from the growth of the Gross Domestic Product (GDP). Although it has not been specified whether they will only be announced or come into effect, uncertainty and concern persist.

In other news, it has been reported that Pemex's refining capacity has been set 23% below its latest target, processing an average of 905,607 barrels per day in 2024. This aspect highlights a significant challenge for the Mexican state-owned company in a complex economic context.

Amid these headlines, the commitment of 70 companies to raise jobs for deported Mexican compatriots to 50,000 stands out. This sectoral commitment is acknowledged by Rosa Icela Rodríguez, who emphasizes the preparation of a support scheme with the assistance of the private sector. Public-private collaboration is shown as a key pillar in these circumstances.

Meanwhile, the National Institute of Transparency, Access to Information and Protection of Personal Data (INAI) has been controversial for offering to reduce fines in exchange for tickets to the World Cup, a situation reported by the Mexican Football Federation. This case highlights the need for transparency and ethics in public management.

In the diplomatic arena, the continued presence of Ambassador Moctezuma in his position is noted, affirming his commitment to Mexico. Meanwhile, the Secretary of the Interior is deploying a 10-point plan to receive deportees in six states, preparing for possible future scenarios.

Finally, the possibility that the United States will maintain tariffs on Mexico remains, despite the cooperation efforts made. Trump's spokesperson has indicated that the sanctions will continue to be effective as of February 1, generating concern in economic and political matters.