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We believe Trump's announcement is a tactic to negotiate with these three countries, his main trade partners, from a position of strength, taking into account that imposing tariffs would also be negative for the US economy,
CIBanco said in a note
We suspect investors may be under-appreciating the impact from Trump's policies on Mexico,
said Giulia Bellicoso, a markets economistI think that more than anything, it's a way for Trump to kick off negotiations that favor his country,
said Mario Cepeda, who heads Coparmex's chapter in JuarezThe US-Mexico-Canada Agreement (USMCA) will be reviewed in July 2026, which is expected to raise risk aversion especially in Mexico, as both US and Canadian officials have mentioned that they would be better off with bilateral agreements,
Banco BASE saidThere are a lot of things up in the air, there's a lot of uncertainty,
said Jesus Manuel Salyandia, who heads the Border Business Bloc out of Juarez, which borders El Paso, TexasAs in previous instances of tariff threats, the exchange rate will play its role as a shock absorber reflecting the risks stemming from a persistent change in the commercial relationship,
said Armando Armenta, a senior economist at the asset managerThe Mexican economy will be one of the most exposed to negative effects from the economic policies of US President Trump,
said Moody's Analytics, predicting lower growth particularly in the next two years as investment, remittances and the finance sector could all be shaken by the volatilityTrump's threat implies that he could sacrifice the US economy in the short term in order to curb the immigration and drug crises,
the group's director of economic analysis, Gabriela Siller, saidWe expect Trump to start another trade war,
she addedI have a vision that there will be an agreement with the United States and with President Trump,
President Sheinbaum said during her daily presser
What we’re saying today is what is the sense of having tariff upon tariff upon tariff when in the end that will lead us to a loss of competitiveness in North America,
Sheinbaum saidWhat we want to say in the letter, and what we’re going to demonstrate tomorrow in more detail, is that raising tariffs on Mexico — which would also mean raising tariffs on this side [of the border] — would lead to … hurting companies that work in Mexico and the United States,
Sheinbaum saidBefore moving on to the issue of health care, I want to share with you, with everyone that’s watching us, a letter that I’m sending today to President-elect Donald Trump,
Sheinbaum saidThe main victim will be the American consumer, because at the end of the day, tariffs are more or less reflected in prices,
said Moy
One of the main reasons why Trump’s campaign was successful, was that people felt that inflation had increased during Biden’s last term,
said RíosWe’ve already seen this [from Trump] – first you threaten, then you negotiate,
said MoyDid we really think that Trump was going to become more institutional or more formal?”
said Valeria Moy, a Mexican economist and director general of IMCO, a public policy analysis firmThis Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!”
Trump wrote on his Truth Social pageI don’t rule out that he would implement them temporarily to give a result to his electoral base, which would be happy to see that Donald Trump is being consistent with his campaign promises,
she saidTrump may have just tossed the threat out there, as he does,
Siller said