US President Donald Trump's decision to raise tariffs on imports from Mexico could trigger an economic recession there, which in turn could lead to a mass migration of Mexicans to the US. This opinion is quoted in the Bloomberg agency's material.
According to him, Trump in this case will only intensify the migration crisis on the southern border, which he promised to end. As the agency notes, “when supply chains are disrupted, prices rise and supplies from Mexico and Canada to the US are closely linked“. The threat of disruption of these chains “would lead to confusion, high inflation and rapid job losses“. In addition, retaliatory measures from Ottawa and Mexico City could cause great damage to Washington due to the large volumes of American exports to these countries.
Trump's tariff measures will play a major role in combating drug trafficking and reducing the US trade deficit, increase the risk of an influx of illegal migrants from Mexico and contribute to higher prices and unemployment in the US, Bloomberg believes.
Trump signed an order to implement tariffs on goods from Canada, China and Mexico from February 1. Tariffs of 25% are imposed on imports from Mexico and Canada (10% on Canadian energy products) and 10% on goods from China. Trump said that this move was made because of the “serious threat posed by illegal immigrants and deadly drugs, including fentanyl, which kills“ Americans.
Mexican President Claudia Sheinbaum warned that the consequences of US tariffs on Mexican goods will have a serious negative impact on the American economy. According to her, Washington is “shooting itself in the foot“. At the same time, Sheinbaum indicated that the damage to Mexico from the imposed tariffs will be significant, as many companies present in the Mexican market will be forced to decide whether to leave or stay.