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Mexico warns of impact on the US of tariff imposition

Mexico City, March 3 (Prensa Latina) - The Confederation of National Chambers of Commerce, Services, and Tourism has expressed its rejection of the United States' decision to impose tariffs on Mexico and warns that this action will have negative consequences for the United States as well.

According to a statement, “These measures would not only affect the Mexican economy but would also negatively impact American consumers and businesses, jeopardizing the economic stability of the entire North American region.” The statement references various analyses indicating that the implementation of these tariffs could lead to increased consumer prices and destabilization of supply chains in the U.S. economy.

The organization argues that the Treaty between Mexico, the United States, and Canada (T-MEC) encompasses more than just the trade of goods crossing borders; it also includes vital chapters that encourage investment and support key elements for regional competitiveness. “This measure not only disrupts the exchange of goods but also threatens the strong integration of services and the investments that bolster our region’s economy,” it added.

For the moment, US president Donald Trump continues with his threat to impose tariffs on products from Mexico starting tomorrow, considering that supposedly “it is not doing enough” in areas such as the fight against drug trafficking. However, from October last year to February 24th, Mexican authorities arrested 13,139 persons for high-impact crimes and seized 112.8 tons of drugs, including 1,260 kilograms and 1,324,924 fentanyl pills.

Mexico notes that Washington must do its part to address the public health issue of the consumption of such substances, the laundering of money from these illegal acts and the distribution of drugs in its own territory.

Senior representatives of the two countries held meetings last week on trade and security items, trying to reach an agreement on tariffs, following the one-month pause in their implementation agreed upon by both governments on February 3.

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