The President of the United States, Donald Trump, has announced special tariffs on imports from Mexico, which would have economic consequences for both the United States and Mexico. Experts warn that the impact on the Mexican economy could be severe, especially since around 80% of Mexico's exports go to the United States. This trade measure could trigger an increase in organized crime activity and migration.
On the other hand, on the U.S. side, there are fears that the tariffs will lead to an immediate increase in product prices, while the benefits expected might take years to materialize. It has been noted that the crossing of goods at Port Laredo, the most important land port in the United States, has significantly increased to avoid possible cost increases due to the tariffs.
Jorge Torres from Interlink Trade Services mentioned that companies might try to absorb some of the costs through adjustments in their profits or renegotiations with suppliers, but in the long run, prices would rise. If Mexico decides to respond by imposing tariffs on U.S. products, sectors like agriculture could be greatly affected, which in turn would impact Trump’s electoral base.
It is expected that if the tariffs are implemented, American citizens could face an increase of between $800 and $1,000 in their annual expenses. Logistics companies in Port Laredo such as Valdez & Woodward INC have seen an increase in their import operations in the last 30 days in anticipation of such tariffs.
In Texas, a state highly dependent on international trade, alarms have been raised at the possibility of tariffs being applied. Business owners, politicians, and experts warn about the negative effects these measures could have on the state economy and consumers. The 30-day postponement of the application of the tariffs provides an opportunity to seek a permanent agreement to avoid negative economic consequences.
In summary, economic uncertainty persists as negotiations between the United States and Mexico develop, leaving business owners and consumers with concerns about potential price increases across a wide range of products, from food to vehicles.
