Mexico must focus on strengthening its domestic market and reducing its dependence on foreign markets to ensure stability and growth, stated the Employers’ Confederation of the Mexican Republic (Coparmex) in light of the entry into force of tariffs on all steel and aluminum imports into the United States, including those of Mexican origin.
“The uncertainty generated by the constant imposition and threat of tariffs by the United States should not limit our vision or hinder the development of the national industry,” stated the private sector organization.
Coparmex stated that it is essential to consolidate a secure investment environment, with clear rules and policies that foster the competitiveness of the productive sector.
“Given the imposition of tariffs on steel and aluminum as of today, the need to rethink economic strategies and prioritize market diversification is evident. The Mexican economy has the necessary potential to strengthen itself from within, driving innovation, productivity, and the development of the national industry.” To achieve this, it is essential to create favorable conditions for investment and stability, key elements for ensuring sustainable growth,” he noted.
“We must be very strategic when tariffs are imposed. If there is a response from the Mexican government on tariff issues, we must be very careful not to shoot ourselves in the foot, because the size of Mexico’s economy compared to that of the United States is not the same,” said the president of Coparmex, Juan José Sierra Álvarez.
“In the framework of a free trade agreement, it is contradictory, but it is a reality. So it is good to wait for the strategy, see which sectors will be affected by this tariff imposition, and, based on the impact on these sectors, there must be a similar, strategic, and careful response from the Mexican government,” he added. The organization called for dialogue, because “the country and the external challenges demand real, authentic, and not artificial unity.”
Source: jornada
