The Impact of Higher International Tariffs on Mexico and the USMCA in 2025

Preface

As we approach 2025, the global trade landscape is poised for significant changes, particularly with the anticipated increase in international tariffs by the United States. This shift will have profound implications for Mexico and the United States-Mexico-Canada Agreement (USMCA). Let's explore what these changes might mean for both Mexico and the broader North American trade framework.

Trump’s Tariffs - A Threat to US Jobs and a Catalyst for New Alliances

Montevideo (Uruguay), Dec. 04th, 2024

Preface

The return of Donald Trump to the White House has reignited trade tensions in North America. His latest proposal to impose 25% tariffs on imports from Mexico and Canada could have far-reaching implications, not just for the US economy but for global trade dynamics. Mexican President Claudia Sheinbaum and Economy Minister Marcelo Ebrard have been vocal about the risks, warning that these tariffs could cost the US up to 400,000 jobs while significantly raising vehicle prices for American consumers.