Espinoza warned that tariffs could result in higher prices for US customers, but noted that the loss of jobs in Mexico would be a far more serious consequence."Without these jobs, many families would be affected," he said.
Despite the potential for tariffs, Cesar Santos, a land developer in the area, believes that Chinese manufacturers will continue to invest in Mexico.
As President-elect Trump prepares to take office, Mexico faces the challenge of navigating a complicated relationship with both the US and China."What we're seeing right now is that Mexico has a very complicated position because they need to assess where should I go next? " said Horacio Carreon, an assistant professor of international business at Tecnologico de Monterrey.
The story "Chinese manufacturers in Mexico brace for potential US tariffs under Trump" has 1081 words across 46 sentences, which will take approximately 5 - 10 minutes for the average person to read.
Which news outlet covered this story?
The story "Chinese manufacturers in Mexico brace for potential US tariffs under Trump" was covered 5 hours ago by Business Standard, a news publisher based in India.
How trustworthy is 'Business Standard' news outlet?
Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.
The outlet is headquartered in India and publishes an average of 122 news stories per day.
It's most recent story was published 5 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.