EBRD MEXICO MINISTER: MEXICO TO. UU exports will benefit from tariff discounts

Mexican Economy Minister Marcelo Ebrard said Tuesday night that cars assembled in Mexico and exported to the United States (USA) will have an average tariff of 15%, not 25%, clarifying that they will benefit from additional discounts from those enjoyed by local products.

“It is a very large advantage compared to other countries that export to the United States. Of course, we would love it to be zero,” Ebrard added.

Market reaction

At the time of writing, the USD/MXN is modestly lateralized in the day to 19.26.

FAQS tariffs


Although tariffs and taxes generate government income to finance public goods and services, they have several distinctions. Tariffs are paid in advance in the entrance port, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and companies, while tariffs are paid by importers.


There are two schools of thought among economists regarding the use of tariffs. While some argue that tariffs are necessary to protect national industries and address commercial imbalances, others see them as a harmful tool that could potentially increase long -term prices and bring to a harmful commercial war by promoting reciprocal tariffs.


During the election campaign for the presidential elections of November 2024, Donald Trump made it clear that he intends to use tariffs to support the US economy. In 2024, Mexico, China and Canada represented 42% of the total US imports in this period, Mexico stood out as the main exporter with 466.6 billion dollars, according to the US Census Office, therefore, Trump wants to focus on these three nations by imposing tariffs. It also plans to use the income generated through tariffs to reduce personal income taxes.

Source: Fx Street

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