The tariff threats from U.S. President Donald Trump to Mexico and Canada of up to 25 percent starting in March have put the transportation industry on alert. Miguel Ángel Martínez Millán, president of the National Chamber of Cargo Transportation (Canacar) and CEO of Marva, expressed his concern about the impact this measure could have on cargo companies, stating it could lead to higher costs and border inspections, also affecting investment and creating uncertainty in trade between both countries.
"Talking about a double-digit tariff rate is very dangerous for companies that depend on trade between Mexico and the United States. We are in a very delicate situation," said Martínez Millán, emphasizing the importance of the cargo transportation industry, which represents 3.7 percent of GDP and moves 85 percent of cargo overland in Mexico.
The Canacar president pointed out that the uncertainty generated by Trump's tariff threats has caused nervousness in the sector and has impacted decision-making regarding investments. Although he did not want to confirm amounts or affected companies, Martínez Millán detailed that the current situation has led to a pause in projects due to the uncertainty surrounding potential tariff measures.
In this context, dialogue has been maintained with different authorities such as the Secretary of Economy, Marcelo Ebrard, President Claudia Sheinbaum, and the Secretariat of Infrastructure, Communications and Transport (SICT) to promote the national industry and encourage the employment of deported nationals, in an attempt to counteract the possible negative effects of the tariffs while defining a stance against this threat.
