Impact of Tariffs in the U.S.: Over $20 Billion, Ebrard Warns
The head of the Secretariat of Economy, Marcelo Ebrard, warned that if the Trump administration decides to impose a 25% tariff, it would impact U.S. consumers with a cost of at least $20.745 billion. "If this 25% tariff is implemented, we must consider that Mexico is the main supplier of finished products such as cars, computers, televisions, and refrigerators," he commented during Claudia Sheinbaum's morning conference.
Ebrard emphasized that in the auto parts sector, consumer spending would be around $10.427 billion. Since Mexico ranks fifth as a supplier of computers, the tariffs would cost families $7.104 billion for these devices. Furthermore, the impact on television screens would reach $2.397 billion, as Mexico is the second-largest exporter of this type of product, while tariffs on refrigerators would add an extra $817 million. "This effect will be more pronounced in border states and cities with high consumption of Mexican products, such as California, Texas, Florida, and Arizona," the official highlighted. Trump stated on Thursday that he will soon make a decision regarding the inclusion or exclusion of Canadian and Mexican oil imports from the promised 25% tariffs on products from Canada and Mexico. For her part, President Claudia Sheinbaum indicated that they are maintaining dialogues with the U.S. government, though with dignity. "We will always defend the dignity of our people, respect for our sovereignty, and a dialogue based on equality, without subordination," she commented in her conference.
It is crucial to note that international trade is subject to risks from political decisions, and such tariffs could trigger an increase in the cost of living for consumers in the U.S. This highlights the importance of diversifying markets and seeking new trade opportunities to mitigate the impact of excessive dependence on certain products. Trade decisions should be aimed at fostering a stable and predictable investment climate that benefits all involved countries.
