The tariffs imposed by Donald Trump on Mexico and Canada could trigger a trade war that would negatively impact the economies of both countries, reducing disposable income for consumers and generating global consequences. César Salazar from the UNAM Economic Research Institute warns about the potential loss of jobs and effects on Mexican exports to the United States resulting from this situation.
Salazar emphasizes that the tariffs would increase the cost of Mexican exports to the United States, which would have repercussions on employment and the exchange rate of the peso against the dollar. Despite the challenges posed, the expert highlights the importance of seeking a solution through diplomacy and negotiation to avoid an escalation into a trade war.
Meanwhile, during a conference, the president of Mexico, Claudia Sheinbaum, stated that the country has action plans in response to the tariffs, reaffirming the position of defending Mexican dignity and sovereignty in any negotiation process with the United States. Marcelo Ebrard, Secretary of Economy, noted that the tariffs proposed by Trump would severely affect American consumers, particularly in final products such as cars, computers, and household appliances.
Additionally, it is pointed out that Canada is also facing the threat of tariffs and an internal crisis, with the resignation of Justin Trudeau as Prime Minister. Given the circumstances, experts suggest that a negotiated solution would be the best option for the North American country, which like Mexico, relies heavily on the U.S. economy.
Finally, the uncertainty caused by the potential imposition of tariffs is already impacting the exchange rate of the Mexican peso against the dollar, with specialists warning that the exchange rate could reach higher levels if the tariffs are confirmed. These experts also warn about the consequences this measure would have on employment, production, and transportation in both Mexico and the United States.
