The Secretary of Economy, Marcelo Ebrard Casaubón, said that Mexico is prepared to face the possible imposition of 25 % tariffs on exports to the United States, which could enter into force on Saturday 1st. February.
During his speech this Wednesday at the 85th Annual Assembly of The American Society of Mexico, Ebrard said there will be no “surprises or untimely reactions”, and that the country has a well structured plan, the newspaper Mexican The day.
The official stressed the importance of keeping calm and not speculating over the future, emphasizing that the Mexican economy has the necessary strength to face any challenge.
The Mexican economy currently occupies the 13th position in the ranking Global, according to the International Monetary Fund (IMF), although it is expected to fall 15 in 2025.
Ebrard also expressed confidence that both entrepreneurs and American civil society will support the continuity of the commercial relationship between the two countries. “We are confident that all entrepreneurs in the United States and Mexico, as well as American civil society, will continue to collaborate,” he added.
For his part, Larry Rubin, president of the American Society, considered unlikely that President Donald Trump’s government applies tariffs to Mexico.
“It will be any Saturday; There will be no tariffs, ”said Rubin, although he warned that Trump could use this tool to ensure the cooperation of other countries.
In relation to investments in Mexico, Ebrard said General Motors (GM) will not abandon the country, despite rumors about adjustments in its production. “No one is going to go from Mexico because the most productive plants are here; It would be very expensive, ”he said.
The economies of the United States and Mexico are deeply linked to each other. The first is, however, the largest commercial partner, while Mexico is the second largest commercial partner in the United States.
About 5 million American Union jobs depend on trade with the Mexican neighbor. And an equally extensive amount of jobs in Mexico is subject to trade with the United States.
Although the volume of cross -border trade is enormous, which most characterizes the singular economic relationship between both bordering nations is the deep integration of its manufacturing.
Half of bilateral trade consists of production supplies, spare parts and materials that are transferred by the border in both directions, since both nations participate in the co -production of all kinds of products, from cars to beer, described a report of the Mexico-United States forum 2025.
https://www.youtube.com/watch?v=0i9x7jpx8tg
Canada is also prepared
In parallel, the Canadian Prime Minister Justin Trudeau, met Wednesday with the provincial heads of government to discuss possible reprisals if the United States imposes tariffs on Canadian imports.
Trudeau stressed that any measure must be carefully considered before implementation.
For his part, Labor Minister Steve Mackinnon confirmed that Canada will respond with his own tariffs on American products.
The Foreign Minister, Mélanie Joly, meets this Wednesday with her pair, Secretary of State, Marco Rubio, among other US officials in Washington to try to convince the Trump administration not to impose commercial taxes.
Trump said this week that from 1st. February could begin to apply 25 % tariffs to imports from Canada and Mexico for the arrival in the United States and the fentanyl that enters through the border with both countries.
