The Secretary of Economy of Mexico, Marcelo Ebrard, during the 85th Annual General Assembly of the American Society highlighted the 'cool-headed' stance of President Claudia Sheinbaum in the face of tariff threats from Donald Trump. Ebrard assured that the country is prepared and attentive to any eventuality.
Regarding current diplomatic management, Ebrard praised the discreet yet effective work of the Mexican team, including Esteban Moctezuma, supported by Sheinbaum to continue as ambassador of Mexico to the U.S. According to Ebrard, the Mexican strategy is based on patience and wisdom, highlighting the importance of discretion in effective diplomacy.
The Secretary revealed that weekly meetings have been held under Sheinbaum's direction for eight months to prepare for possible scenarios, having a detailed plan in case Trump imposes tariffs on Mexico on February 1. Ebrard assured that various alternatives have been meticulously studied to protect Mexican interests.
In the event that a 25 percent tariff is imposed on Mexican exports, experts warn that the country's economy could fall by at least 2 percent in 2025. The high economic integration between the U.S. and Mexico could exacerbate this situation due to the significant amount of Mexican exports sent to the northern neighbor.
Regarding the possibility of imposing tariffs on the U.S. in response to Trump's measures, a detailed evaluation is expected from the Mexican Government. For her part, Sheinbaum has pointed out the need for cooperation and mutual understanding in these challenges, warning about the negative consequences that a 'tariff war' would have for both economies.
In relation to the possible relocation of General Motors' production from Mexico to the U.S. due to the tariffs, Ebrard explained that he held discussions with company executives, who attributed this decision to underutilized capacity in the assembly lines. Mary Barra, the president of GM, assured that the company is prepared to minimize the impact of the tariffs, remaining calm and acting cautiously.
In summary, Mexico is preparing to face possible U.S. tariffs under the leadership of Claudia Sheinbaum and Marcelo Ebrard, who have highlighted the importance of prudence and meticulous planning in this scenario of economic uncertainty.
