The United States Secretary of Commerce, Howard Lutnick, acknowledged that tariffs are on the way, although he is unaware of their exact magnitude. Despite his relatively minor role in negotiations, he admitted that he would let the president and his team determine the scope of the tariffs. One day before their implementation, Lutnick confessed his lack of knowledge on the subject.
The exchange rate has shown significant variations, with the dollar reaching 20.53 pesos, a notable increase from the 16 pesos in May, but below the 25 pesos recorded during the pandemic. An extreme application of a 25% tariff could lead to a further depreciation of the Mexican peso and increase the prices of domestic products in the United States.
Amid this uncertainty, The Economist warns about the growing trend of "Don". Companies like Bimbo are preparing for possible tariffs, estimating that even an extreme scenario with 25% tariffs would impact their profit margins by around 300 million pesos per month.
Notable figures like Warren Buffett have labeled tariffs as an act of economic warfare. However, the general perception is that the tariffs will have less impact than expected, with calmness and preparation prevailing in the stance of companies. Executives from Bimbo state that they are ready to adjust their production and mitigate potential impacts on their business.
In a changing global landscape, a new focus is emerging in relations between nations, where economic transactions take precedence over diplomacy. This paradigm shift, evidenced in a controversial meeting at the White House, suggests that economic considerations will prevail over social ones, which could be detrimental to the United States, according to analysts and experts consulted.
