The Mexican government is closely monitoring potential impacts of tariffs announced by Donald Trump after a Supreme Court ruling limiting his authority to impose such tariffs.
The Mexican government, represented by Economy Minister M. Ebrard, is currently investigating the potential effects of tariffs that former President Donald Trump announced, which followed a recent U.S. Supreme Court ruling. This ruling determined that Trump had overstepped his legal authority by imposing extensive tariffs that disrupted global trade, attempting to classify them under national emergency powers. Minister Ebrard highlighted that Mexico is in a different position compared to other countries impacted by the Supreme Court’s decision, due to the tariffs’ specific implications for trade between the U.S. and Mexico.
Ebrard explained that approximately 85% of Mexico's exports to the United States are shielded from these tariffs under the United States-Mexico-Canada Agreement (USMCA), which protects this significant portion of trade. This situation comes as all three USMCA countries are engaged in a review of the agreement, with findings expected by July. The context of these discussions is particularly noteworthy as Mexico, the second-largest economy in Latin America, recorded its worst economic performance since the COVID-19 pandemic last year, which was largely attributed to ongoing trade tensions with Washington.
As the Mexican government evaluates the unfolding situation, they are awaiting further developments from U.S. authorities regarding the actual implementation of these tariffs and their potential consequences. The implications of Trump’s renewed focus on tariffs could further complicate the economic relationship between the U.S. and Mexico, especially given the existing strain from trade quarrels. It will be crucial for Mexico to adapt and prepare for any economic disruptions that may arise as a result.
