The President of the United States, Donald Trump, has recently announced tariffs on products from Mexico and Canada, raising concerns in the global economic sphere. This measure could cause uncertainty in the markets and affect companies that rely on efficient and cost-effective supply chains. As a consequence, consumers could experience an increase in the prices of essential products, ranging from food to vehicles and building materials.
In particular, cars manufactured in Mexico and exported to the United States would be affected, as well as those whose manufacturing process involves both countries. High-tech medical products would also see price increases due to the tariffs, which could raise the cost of accessing medical care. Mexico is a crucial player in supplying agricultural products to the United States, and an increase in costs would directly impact consumers' budgets.
Imports of agricultural products from Mexico to the United States exceeded 46 billion dollars in 2024, including fresh fruits, vegetables, and alcoholic beverages such as beer and tequila. Products like avocados and tomatoes, which are in high demand in the United States, stand out specifically. With a probable increase in prices for these products, American families already facing economic difficulties would be directly affected.
The imposition of tariffs would not only affect product prices but would also force companies to adapt to the new costs, which could lead to passing these increases on to consumers or seeking new markets. This interdependence places both countries in a position where tariffs could have significant consequences for both economies.
One of the most affected industries by this measure would be the automotive sector, as 80% of Mexican exports are destined for the United States, valued at 484.5 billion dollars. The imposition of tariffs could have an impact not only locally but also globally, especially after displacing China as the main trading partner of the United States in 2023. Moreover, if Mexico and Canada respond with similar measures, a trade war could ensue that would further harm the three economies.
