By María Virza and Fabiola Sánchez
Mexico (AP) – Mexico celebrated Thursday after dodging the last cycle of white house prices targeting dozens of American trade partners around the world, but it was also quickly recalled that in a global economy, the effects of uncertainty cannot be fully avoided.
President Claudia Sheinbaum said the free trade agreement signed by Mexico, Canada and the United States in Trump’s first administration had protected Mexico.
Now, his government will focus on 25% of existing American rates on cars, imported steel and aluminum, while accelerating domestic production to protect jobs and reduce imports.
“During my last call with President Trump, I said that, in the case of reciprocal prices, I believe I understand that there would be no prices (on Mexico), because Mexico does not place rates in the United States,” said Sheinbaum.
The secretary of economy Marcelo Ebrard noted that despite the free trade agreements with the United States, many countries have been targeted by the prices that US President Donald Trump announced on Wednesday what he nicknamed “Liberation Day”. Trump has formulated prices as a way to reduce manufacturing jobs to the United States
Note that Mexico dodged the latest tariff cycle, Ebrard said that Mexican export bands, including agricultural products such as lawyers, clothing and electronics, will continue to enter the United States without import rights.
Sheinbaum, on the other hand, encouraged companies producing Mexico who had not exported under the free trade agreement for various reasons to take the necessary measures to qualify. She cited the example of major German auto producers.
The qualifications for the free trade agreement could involve anything from the paperwork to adjustments to the supply of a product.
Despite Trump’s latest prices that were not imposed in Mexico, the uncertainty they created and the interconnectivity of North American automotive supply chains meant that it was not long in for the effects to touch Mexico.
California Daily Newspapers
