The new Secretary of Finance and Public Credit, Edgar Amador Zamora, expressed his determination to earn the trust of Mexicans, the market, and investors by accepting the appointment. He committed to maintaining the macroeconomic stability established in the fiscal package for 2025 and beyond. In his message, he emphasized the importance of convincing the President of the United States to eliminate the threat of widespread tariffs, as well as tariffs on cars, steel, and aluminum from Mexico.
In his remarks, Edgar Amador Zamora has acknowledged the concerns generated by Trump's tariffs but has tried to reassure investors and public opinion. He stated that a recession is not anticipated in Mexico and there are no signs of permanent weakness. Although he recognizes that Trump's threats may impact the country's growth, he assures that the economic variables remain stable.
The Secretary of Finance emphasized the importance of financial stability and the peso to achieve robust economic growth. Experts consider that the appointment of Edgar Amador Zamora is a safe bet, as he has a similar profile to his predecessor and is familiar with the issues of the Ministry of Finance.
Edgar Amador Zamora faces several challenges as Secretary of Finance, including the threat of a 25% tariff imposed by Trump on Mexico. Although these tariffs were paused following a call between Sheinbaum and the U.S. president, Amador Zamora knows that challenges still lie ahead and shows confidence that they will be resolved favorably.
