Employers’ associations and industrial associations have shown their rejection of the 25% tariffs on various Mexican products imposed by the United States, which came into effect on Tuesday, and have joined forces with the President of Mexico, Claudia Sheinbaum , to boost the country’s industrial sector in the face of this situation.
The National Council of the Maquiladora and Export Manufacturing Industry (Index) warned that the tariff measure leaves thousands of jobs unprotected, in addition to unbalancing supply chains and generating uncertainty in the face of the scenario of the relocation of companies in Mexico ( nearshoring ).
In response, she reiterated, through a statement, her commitment to dialogue and the results that can be obtained through it, indicating that they will be attentive to the strategy that Sheinbaum will announce next Sunday in the Zócalo of Mexico City.
Coparmex regrets tariffs
Meanwhile, the Mexican Employers’ Confederation (Coparmex) indicated that the United States tariffs hit the economy, violate the Treaty between Mexico, the United States and Canada (T-MEC) and affect the competitiveness of North America.
The organization regretted this decision by its northern neighbor, as it creates uncertainty in the productive sectors.
“Economic integration between Mexico, the United States and Canada has been a key factor in the development of the three nations, and the imposition of tariff barriers undermines the stability of supply chains and affects productive investment,” he said.
Coparmex explained that it is estimated that the application of these tariffs could lead Mexico into a recession , while the exchange rate could exceed 22 pesos per dollar , which would increase costs for companies and affect the purchasing power of families. “In addition, this would generate inflationary pressures in the United States, mainly affecting consumers.”
“On a political level, the decision imposes additional pressure on Mexico in matters of security and migration, issues that have been used as conditions in the trade relationship,” he added.
He added that the possibility of the Mexican government responding with retaliatory tariff measures remains latent.
“It is essential that any decision in this regard be made based on a rigorous analysis, avoiding collateral damage to the industry and consumers in the three countries,” he added.
In light of this situation, the country reiterated its commitment to defending free and fair trade.
“We urge the Mexican government to take a firm stance and make use of the mechanisms established in the USMCA to challenge this arbitrary measure,” he said.
Concanaco Servytur also issues a position
The Confederation of National Chambers of Commerce, Services and Tourism (Concanaco Servytur) also expressed its concern about the tariffs imposed by the President of the United States, Donald Trump , a measure that, it considered, not only affects the exchange of goods, but also puts at risk the solid integration of services and the investments that sustain the economy of North America.
The agency recalled that several companies with investments in Mexico contribute to the US treasury and, likewise, that the profits generated by these investments are subject to wealth taxes in the United States, strengthening the economy of our northern neighbor.
“Therefore, the proposed tariffs not only affect Mexico, but also have a negative impact on public finances and the American business sector,” he stressed.
He noted that tariffs could lead to a destabilization of supply chains , due to the deep integration of value chains between Mexico and the United States, which implies that tariffs would disrupt the production and distribution of essential goods. He also estimated that there would be an increase in the United States’ trade deficit, as has been observed recently.
In Mexico, it would cause a 12% drop in exports and a 4.4% decrease in GDP , in addition to generating greater economic uncertainty, affecting foreign investment and business confidence.
In light of this, he called for strengthening diplomatic strategy, defending free trade and diversifying markets.
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