The Secretary of Economy of Mexico, Marcelo Ebrard, has warned about possible measures to be taken if the elected president of the United States, Donald Trump, establishes a generalized 25% tariff on Mexican imports. In a recent interview, Ebrard highlighted the immediate consequences this decision would have on inflation and the U.S. economy, pointing out the close trade interdependence between both nations.
In response to Trump's threat to impose tariffs of 25% or even 100% on Mexican products if he does not stop what he denounces as an "avalanche of criminals and drugs" heading to the U.S., Ebrard warned about the negative impact this would have on the North American economy. The secretary also acknowledged the possibility of resistance even among Trump's supporters due to the severe economic repercussions of this measure.
In the realm of trade disputes, Trump has criticized Chinese investment in the Mexican automotive sector, claiming this endangers jobs in his country. Despite this, Ebrard pointed out that Mexico has certain advantages to tilt the trade balance in its favor against possible pressure from Trump.
The scenario poses a new challenge in the bilateral relationship and in the economic balance of both countries, given the possibility of a trade war between Mexico and its main partner. Ebrard has expressed that, if tariffs are applied, Mexico will be forced to respond reciprocally, which would significantly impact the U.S. economy due to the substantial volume of trade between both nations.
Ebrard reminded that any decision on tariffs belongs to the U.S. Congress and that the U.S. has international trade commitments it must respect, despite Trump's protectionist rhetoric.
