PERSPECTIVES

Mexico—Tiptoeing Around Tariffs

April 09, 2025
By Kevin Chang, CFA, Wilfred Wong, CFA

Mexico is strategically navigating the complexities of the new US tariff regime, leveraging the USMCA trade agreement to avoid additional tariffs. The country is focused on enhancing domestic production and fiscal responsibility, though sectors such as autos, chemicals and utilities still face significant risks.

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