The National Restaurant Association of the United States has requested Donald Trump not to impose tariffs on products coming from Mexico and Canada, arguing that these measures could severely affect the country's food industry. According to the association, tariffs could lead to losses of around 12 billion dollars and force restaurant owners to increase prices for consumers, reducing profit margins that currently range between 3 and 5 percent.
The imposition of tariffs would directly affect Mexican agricultural companies, such as Chamberlain Distributing, which ships around five million boxes of products each year through Nogales, Arizona, to customers in the United States. Following the announcement of a 25 percent tariff on Mexican products, importers are forced to increase prices on their products, which could negatively impact Mexican farmers in the short term.
Businesses located on the border between Mexico and the United States anticipate a decrease in their imports with the implementation of tariffs, which will primarily impact sectors such as automotive, agricultural, and construction. Those companies lacking sufficient resources to absorb the additional costs will be forced to pass on these price increases to consumers, potentially creating a domino effect on the economy of the region.
The Confederation of National Chambers of Commerce, Services, and Tourism (Concanaco-Servytur) has expressed its concern over Donald Trump's tariff threats on Mexican products, pointing out that this measure would not only impact the exchange of goods but also the economic stability of North America. The organization highlighted the role of companies with investments in Mexico in the U.S. economy and warned about the possible adverse effects that tariffs could have on the region as a whole.
