China has denounced that the unilateral imposition of tariffs by the United States not only fails to help solve its problems but also interferes with normal economic and trade cooperation between both nations.
Experts warn about the uncertainty that will mark Donald Trump's second term, despite the pause on tariffs against Mexico. Andrés Abadía, chief economist for Latam at Pantheon Macroeconomics, comments that the suspension of tariffs provides a temporary respite, but caution remains. Humberto Calzada, chief economist of Rankia LATAM, points out that although tariffs have been postponed, the outlook for Mexico's economic prospects does not improve.
If the tariffs were to be applied throughout 2025, the Mexican economy would face a contraction, despite possible GDP growth of between 1 and 1.5 percent if they are not reactivated. An urgent call is made to Mexican authorities to defend trade as an independent pillar of the security and migration agenda.
Despite the suspension of tariffs against Mexico, the president of the United States continued with plans to impose new taxes on China, which generated a response from Beijing. As of 8:30 AM, the exchange rate stood at 20.47 units, reports Bloomberg. The Mexican peso experienced a significant gain after the pause on tariffs against Mexico, agreed upon between Claudia Sheinbaum and Donald Trump.
Xi Jinping, president of China, reacted to the situation by announcing an antitrust investigation against Google and placing the owner of Calvin Klein on his blacklist in response to tariffs imposed by the United States. China took measures by applying its own tariffs on American products such as coal, liquefied natural gas, oil, and agricultural equipment.
The unilateral imposition of tariffs by the United States has been criticized for violating World Trade Organization (WTO) rules. The president of Concanaco Servytur, Octavio De la Torre, urges that the respect of trade agreements established under the T-MEC framework be demanded.
