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US stocks ended a volatile week negatively amid tariff announcements, with President Trump imposing a 25% tariff on imports from Mexico and Canada, and a 10% tariff on China. In retaliation, Canada plans 25% counter-tariffs on $155 billion of US goods, while Mexico and China are also preparing responses. The situation may lead to a contraction in global trade and increased inflation, impacting equities but potentially benefiting the US dollar and gold.
Mexico is launching a nationwide operation to combat the influx of illegal merchandise, primarily from China. The Economy Ministry will conduct searches across all 32 states, following a recent raid in Mexico City that resulted in the seizure of over 260,000 items valued at approximately 7.5 million pesos ($370,000).
Mexican President Claudia Sheinbaum warned that proposed U.S. tariffs could lead to significant job losses in the U.S. and retaliatory measures from Mexico. Economy Minister Marcelo Ebrard emphasized the need for regional cooperation, stating that tariffs would harm both economies, particularly the automotive sector, which heavily relies on cross-border trade. Analysts view the tariff threats as a negotiating tactic rather than a firm trade policy.
Mexico"s economy officials have downplayed concerns regarding trade negotiations with the Trump administration, suggesting that the potential negative impact on U.S. companies might deter the incoming president from imposing significant tariffs. Economists warn that such tariffs could severely affect Mexico"s export-driven economy while having a lesser impact on the U.S. economy. Economy Minister Marcelo Ebrard emphasized Mexico"s negotiation leverage, citing the presence of numerous multinational firms in the country.
Mexico's Economy Minister Marcelo Ebrard stated that the country can play a crucial role as a mediator in the escalating tensions between the US and China. He emphasized that while the US is Mexico's primary trade partner, the nation can influence and help moderate the ongoing conflict.
Marcelo Ebrard
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