Mexican Employers’ Confederation warns of economic fallout

The Employers’ Confederation of the Mexican Republic (Coparmex) has warned that US President-elect Donald Trump‘s proposed tariffs on Mexico and Canada could endanger the regional job market and create significant economic uncertainty.

On Wednesday, Coparmex expressed concerns that Trump’s repeated threats to impose tariffs would disrupt the region’s economic stability and directly challenge the cooperative framework established by the United States-Mexico-Canada Agreement (USMCA).

The confederation emphasized that these tariffs could generate uncertainty in key sectors, putting millions of jobs at risk that rely on trade between the three countries.

According to Coparmex, a trade conflict between Mexico and the United States would have “devastating effects” on both economies, particularly on industries such as automotive and manufacturing that depend on US inputs. The confederation also warned that retaliatory tariffs could harm businesses and consumers in both nations.

“The USMCA should not be used as a tool for political pressure but as a strategic agreement that ensures regional competitiveness,” Coparmex stated.

Trump reiterated on Monday that he would impose a 25% tariff on goods from Mexico and Canada unless both countries address issues like immigration and drug trafficking.

In response, Mexican President Claudia Sheinbaum wrote a letter to Trump earlier this week, warning that Mexico would retaliate with tariffs on US goods if necessary.

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