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Chinese manufacturers in Mexico brace for potential US tariffs under Trump

Business Standard LogoBusiness Standard5h ago

Chinese manufacturers in Mexico brace for potential US tariffs under Trump - Business Standard

Quick Summary:

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.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-19 @ 19:18:49 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1081 words

Reading Time: 7 minutes read

Sentences: 46 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25254096

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About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 122 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 5 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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