Trump’s proposed tariffs threaten North American jobs, says Mexican employers’ association

MEXICO CITY, Nov. 27 (Xinhua) — U.S. President-elect Donald Trump’s proposal to slap tariffs on Mexico and Canada could threaten the regional job market and create economic uncertainty, the Employers’ Confederation of the Mexican Republic (Coparmex) warned Wednesday.
Coparmex said that Trump’s repeated tariff threats would impact the region’s economic stability and pose “a direct challenge to the spirit of cooperation and understanding” of the United States-Mexico-Canada Agreement (USMCA).
The tariff threats “generate uncertainty in strategic sectors and jeopardize millions of jobs” reliant on trade between the three countries, said Coparmex.
A trade conflict between Mexico and the United States would have “devastating effects” on both economies, especially industries dependent on U.S. inputs such as the automotive and manufacturing sectors, the confederation said, adding that retaliatory measures could impact businesses and consumers in both countries.
“The USMCA should not be seen as a tool for political pressure, but as a strategic agreement that guarantees the region’s competitiveness,” Coparmex said.
On Monday, Trump reiterated his threat to impose a 25-percent tariff on goods from Mexico and Canada, two of his main trading partners, unless they resolve such issues as immigration or drug trafficking.
In a letter addressed to Trump earlier this week, Mexican President Claudia Sheinbaum said that her country would retaliate with tariffs on U.S. goods if necessary. ■