Mexico, with an advantage over China if the US applies tariffs: SHCP

Mexico would have a relative advantage over China if Donald Trump’s government imposes a new tariff policy, declared Édgar Amador, undersecretary of the Treasury.

Let me make an assumption for illustrative purposes, if the tariff policy affects Chinese exports more than Mexican exports, even if it has an effect on the country, we will have a relative advantage over our main competitor in the United States.he commented when appearing before the Finance Commission of the Chamber of Deputies to analyze the 2025 economic package.

There are many scenarios that are being shaped according to the particularities of the new trade policy in the United States.he mentioned.

He explained that there is confidence that the United States policy, if put into practice, will be in general and not directed at a particular country.

We are confident that it is not usual for governments to have exclusive policies for one country, but rather to have general policies he assured.

He highlighted that Mexico’s relative position is ultimately what is worth it and what can remain relatively stable in the coming weeks.

Our base scenario is that the United States administration will have a general policy in terms of trade and immigration, which will impact not only the Mexican economy, but its trading partners in general.

He mentioned that for now it is not possible to make an assumption regarding the specific impact on the Mexican economy of the policies that Trump has mentioned that he is going to apply.

On the other hand, the undersecretary said that the estimate of the average exchange rate of 18.7 pesos per dollar in 2025 is consistent with the panorama of balanced external accounts, downward inflation, downward interest rates and a balance in the domestic sector. .

We have to project an estimate that gives confidence and tranquility to the marketshe mentioned.

According to the Citibanamex Expectations Survey. The exchange rate will be 20.50 pesos per dollar at the end of 2025.