US tariff actions cause uncertainty for Mexico’s business sector

US tariff actions cause uncertainty for Mexico’s business sector

This week has been a roller coaster regarding U.S. tariffs with its biggest trading partners and neighbors. Monday, President Donald Trump imposed 25% tariffs on Canadian and Mexican imports. A day later, the U.S. announced temporary exemptions and delays, leaving Mexico dealing with uncertainty.

Access Alert: The Impact of 25% US Tariffs on Mexico’s Telecom Industry  - Access Partnership

President Trump recently declared that the proposed 25% tariff would be imposed on goods from Mexico and Canada starting this week, disregarding its two largest trading partners and its commitments under the US-Mexico-Canada Agreement (USMCA). This move comes after President Trump had previously struck a deal with both countries to secure their borders but cited insufficient progress from its neighbours in combatting illegal drug trafficking. Tw…