21-November-2024
Corporate News
 
Mexico officials warn about Trump's tariff impact on US companies
20-Nov-2024

Mexico's top economy officials on Tuesday downplayed concerns about trade talks with Donald Trump's administration, saying the potential impact on American companies could give the incoming US president second thoughts about levying massive tariffs. Trump campaigned on a pledge to roll out a slew of tariffs, including for firms that had moved operations to Mexico, in a bid to restore jobs in the US. Economists have warned that such tariffs would amount to a serious blow to Mexico's export-dependent economy and have warned of a lesser hit to the US economy.

News Source:- https://www.business-standard.com/world-news/mexico-officials-warn-about-trump-s-tariff-impact-on-us-companies-124112000291_1.html