Uncertainty slows investment plans, says the Canacar

Tultitlán, Méx., The ads of President Donald Trump about the imposition of tariffs on the products that that country imports, which includes those sent from Mexico, maintain Waiting Several investment projects in the Mexican industry, said Miguel Ángel Martínez Millán, president of the National Chamber of Cargo Autotransporte (Canacar)

We are very scared to all, because if we move forward with this policy it would be a very big impact for the country’s economy and they will also have damage, because at the end of the day, it is (an impact) inflationary.

He mentioned that the new policies of the neighboring nation have affected the cargo transport industry, particularly in cross -border crossings because inspections are more thorough and involve until triple waiting time. We are in a very delicate situation.

Considered that determining possible economic damage is Very adventurous. However, the business sector is concerned about the amount, because although a 25 percent tariff It is crazyanother number, even of a digit, It is already delicate and very dangerous, because many of the industries depend a lot on the commercial exchange between Mexico and the United States.

He stressed that there is uncertainty because yesterday President Trump said they would take effect on April 2. We do not know if it is the last proposal or will extend it, we all have in uncertainty, we do not know whether to invest, what to do.