An impact on employment is inevitable with tariffs: specialists

For now, the trade agreement between the three countries (Mexico - the United States - Canada) has not been terminated; this does not guarantee that the revision of the trade agreement will take place.

Note published on March 4, 2025 in eleconomista.com.mx section Companies, by María del Pilar Martínez.

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27% of the USMCA is in the automotive industry; therefore, what the President of the United States seeks is to repatriate the factories and that is where we have the greatest risk; we have even heard statements made by Nissan and Ford about stopping investment in Mexico in order to avoid the 25% tariff, experts said, at the  “2025, a year of risks and opportunities in labor matters” forum, organized by the De la Vega & Martínez Rojas Firm.

In his presentation, Carlos Elizondo, professor at the Tecnológico de Monterrey, stated that, in terms of employment, 2025 poses significant challenges, as a deceleration is taking place and it will be affected by the imposition of tariffs; “there will be perhaps between 220,000 and 420,000 jobs in the entire Mexican economy”, it is clear that adjustments will be downward, he pointed out.

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