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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.
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udgtv broke the news in on Wednesday, April 23, 2025.
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