Mexico will not negotiate with fear in the review of the T-MEC: Ebrard

Given the return of Donald Trump to the presidency of the United States, Mexico will not negotiate with fear in the review of the T-MEC for 2026, said Marcelo Ebrard Casaubón, head of the Ministry of Economy (SE), who acknowledged that there will be tensions, but no imposition of tariffs, because both countries seek to reduce inflation.

Why do I think we must be essentially optimistic, resolute, cold-blooded? Because if we go into a negotiation, then we have to do it with will, it is the essential part of a negotiation, if you come to a negotiation with fear, you are going to lose, it is the worst thing you can do.he said when participating in the presentation of El Buen Fin 2024.

The official did not rule out that there may be tensions in the commercial relationship with the United States during Trump’s term, but considered that it is far from imposing 25 percent tariffs on Mexican exports, since threats of this type have not been carried out in the past. they specified.

He noted that when an attempt was made to impose tariffs on migratory flows, it was not done because “it is very expensive. You are talking about more than 600 billion dollars in exports and almost 300 billion dollars in imports, charge 25 percent, who is going to pay it? The consumers. What is going to impact you? The price level.

We agreed, so we are optimistic. We are resolved. We are clear about what the plan is and we have prepared a lot, so we are going to move forward.

He highlighted that Just as there is a strong government there, the same is true here, with popular support as well. So let’s work well.

If you see a pessimistic government, be worried. We are a determined and optimistic government and we are going to be successfulhe sentenced.

After highlighting that the call between President Claudia Sheinbaum and Trump was very good, Ebrard Casaubón denied that the T-MEC review process in 2025 will be a renegotiation.

We are not thinking that there is a change in the treaty, rather the opposite, that is, we can make adjustments, but they are the least. Why? Because it is being successfulhe highlighted.

He recalled that data from the United States Census Bureau show that the growth of Mexican exports to that country was 6.5 percent.

We are exporting more than the United States grows, what does that mean? We are increasing our share of your market. That’s good news. Very good!he noted.

This trend is irreversible, it can be made a little more difficult, but neither we nor the US are going to stop it, because we want to lower inflation and we need more jobs.