Last Monday, both the Mexican and the United States governments announced an agreement to avoid the imposition of tariffs of up to 25% on Mexican products starting February 4. This pact prompted Mexico to begin sending elements of the National Guard to strengthen security at the border.
Despite this initial agreement, uncertainty persists in the market about whether President Trump will carry out his more aggressive trade threats. Experts point out that this uncertainty could have a negative impact on attracting new investments to the country.
The head of government of Mexico City, Claudia Sheinbaum, requested not to speculate on what will happen when the agreements are reviewed in a month, trusting that the pause on tariffs will remain indefinitely. Sheinbaum stated that a good agreement will be reached with the U.S. government and that the issue of tariffs will be paused permanently.
During a conference in Querétaro, Sheinbaum refused to reveal any plans in case Trump decides to reactivate the tariff threat, generating a debate within the Mexican cabinet. While some, like the Secretary of Economy, support the idea of an indefinite pause on tariffs, others fear facing greater pressures for the country in the future.
In the market, the expectation is that this pause on tariff imposition will be maintained, although uncertainty regarding Trump's trade policies remains active.
