Mexico’s exports to the United States reached an unprecedented $505.851 billion in 2024, highlighting the robust bilateral trade between the two nations – despite potential tariff implications
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If the United States does choose to implement the 25 percent tariffs on Trump’s first day in office as previously threatened, Ebrard warned it would be a “shot in the foot” to the U.S. economy
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The Mexican president said if Trump followw through on his promise to implement 25 percent tariffs on Mexican goods, Mexico may place its own tariffs on the United States in return
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The big three credit rating agency also pointed to the potential impacts of U.S. President-elect Donald Trump’s trade policies on Mexico’s economy
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The Mexican Secretary of the Economy cautioned that Mexican tariffs on U.S. goods could contribute to inflation in the United States
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However, Mexico’s total remittances received during the first seven months of 2024 still represented a year-over-year increase during the same period of the previous year
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Experts signaled that a potential recession in the United States caused investors to sell off pesos in a “domino effect” away from assets deemed as risky
Read moreDespite Mexico’s slowing GDP, the country has still experienced 11 consecutive quarters of economic growth.
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China reportedly sells Mexico $119 billion in goods annually while only purchasing $11 billion in return
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The president-elect attempted to stifle public fears by confirmed that her predecessor’s proposals require additional review
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