Investment levels, economy growth and creation of new jobs are already affected by the commercial tensions that our country is going through with the United States, Eduardo Osuna Osuna, vice president and general director of BBVA Mexico, said yesterday.
The director of the Banco with the greatest presence among those operating in the country mentioned that the institution is confident that all differences are resolved positively, but the impact on the economy will depend on the time to solve them.
“Today we are facing a complex local and international environment. Commercial pressures with our main commercial partner of the North generate uncertainty about international trade.
And this is not a minor issue. We are already seeing a clear slowdown in investment and growth and employment generation
Said Osuna Osuna by participating in a forum organized by the Bank and the Ministry of Tourism (Sectur).
This Wednesday, the president of the United States, Donald Trump, announced that he will apply 25 percent tariffs to cars that are not manufactured in the United States and some auto parts under Section 232 of the Commercial Expansion Law of 1962, on the occasion of national security, which will enter into force for cars from April 3, 2025 and for auto parts at a date not after May 3.
That is why today, more than ever, it is urgent to identify sectors capable of activating the economy in the short term immediately and also have a deep impact
Osuna Osuna said.
One of the sectors that are elementary to activate the Mexican economy, said the banker, is tourism, because it has the ability to resist internal or external shocks, and that is why it should be given particular attention.