US unlikely to apply tariffs: experts

Es unlikely that Donald Trump, president-elect of the United States, applies 25 percent tariffs on products from Mexico as soon as he takes office and it is very difficult to cancel the Treaty between Mexico, the United States and Canada (T-MEC), stated Bank of America (BofA) and the Ve por Más bank (Bx+).

Implementing higher taxes on products from Mexico would have significant repercussions on the US economy, while at the same time it would result in the end of the trade agreement, said Emilio Romano Mussali, general director of BofA in Mexico.

Alejandro Saldaña, chief economist of BX+, specified that the arrival of the magnate to the US presidency for the second time could condition the review of the T-MEC and our country would be faced with a president with a “more aggressive” speech, but it is difficult for him to cancel the treaty.

“In the base scenario that we have there are no tariffs in the North American market, these tariffs affect the economy and companies of various countries, a tariff on a Mexican firm is a tariff on a US company, that would make the production chain more expensive. of the United States.

There will be no tariffs at the end of the day, because if not, the T-MEC would not be a free trade agreement, in addition they are taxes on the same country, for example, in the automotive industry, a part of a car spends an average of seven times the borderexplained Romano Mussali.

In a conference, to present the prospects for 2025, BX+ said that among the risks for Mexico with the arrival of Trump could be the receipt of fewer remittances.

For its part, the Employers’ Confederation of the Mexican Republic warned that the imposition of mutual tariffs between the United States and Mexico would be devastating for both economies.