The magnate Carlos Slim expressed his concern over Donald Trump's tariff threats. According to the businessman, these measures won't solve United States economic problems. Instead, they will increase inflation and the cost of living in both countries.
Slim also acknowledged that Mexico faces economic difficulties. The first months of Claudia Sheinbaum's government have been marked by economic slowdown, increased deficit, and challenges in attracting foreign investment. Uncertainty about some policies has caused market doubts.
Slim: tariffs affect consumers and businesses
The businessman argued that imposing tariffs on Mexico will harm both consumers and businesses in the U.S. "Companies won't absorb the costs; they'll pass them on to the final price," he warned.
He also highlighted that the economic integration between both countries means any trade barrier affects competitiveness. Key sectors like automotive, manufacturing, and agriculture depend on Mexico. An increase in tariffs would disrupt supply chains and raise costs.
Slim recalled that in 2019, when Trump threatened a 5% tax on Mexican products, the measure only caused market tensions without positive results.
Economic uncertainty: Sheinbaum's challenge
Carlos Slim acknowledged that Sheinbaum's government faces economic challenges that could make Mexico more vulnerable to tariffs.
