ICTSI: Trump tariffs pose little risk, Mexico terminal vulnerable - BusinessWorld Online
- In 2025, U.S. President Donald Trump's tariffs pose a threat to Mexico's economy, particularly its manufacturing sector, which heavily relies on exports that accounted for 36% of GDP in 2023.
- The OECD estimates that Mexico's economy could contract by as much as 1.3% in 2025 due to potential new tariffs.
- ICTSI president Enrique Razon Jr. Stated that the Manzanillo terminal could face significant impact from U.S. Tariffs as operations are diverse.
- ICTSI plans to invest $580 million this year to expand its seaport facilities despite uncertainties from U.S. Trade policies.
24 Articles
24 Articles
ICTSI says tariffs pose big hit on Mexico port
MANILA, Philippines — International Container Terminal Services Inc. (ICTSI) said its operations in Mexico could potentially take a big hit from American “reciprocal tariffs.” Still, the homegrown global port operator is in wait-and-see mode on the possible fallout of US President Donald Trump’s vacillating trade policy. “The only major impact that could be possible or
ICTSI: Trump tariffs pose little risk, Mexico terminal vulnerable - BusinessWorld Online
INTERNATIONAL Container Terminal Services, Inc. (ICTSI) said its operations are unlikely to be affected by new US tariffs, but its Mexico operations may face market impact. “It is too early to tell the impact since Trump’s flip-flopping every day. It is also too early to tell how these tariffs will settle; our operations are very diverse,” ICTSI Chairman and President Enrique K. Razon, Jr. said during the company’s annual stockholders’ meeting o…
Trump's tariffs could Make Mexico Great Again
In 2025, U.S. President Donald Trump’s tariffs represent an unprecedented threat to Mexico’s economy and manufacturing industry. But, the potential for the door to close on easy access to the United States’ market for vehicles, auto parts and other manufactured goods should be a wake-up call for Mexico’s politicians and business leaders. The Trump administration is threatening tariffs that could reshape North American supply chains and cripple w…
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