IF US President Donald Trump is to be taken at his word, Mexican imports to the United States will be hit with 25-per-cent tariffs on Tuesday.
But exporters in Mexico, the United States’ biggest trading partner, remain upbeat about the future of the $840-billion business relationship.
Mexico’s economy has gone from strength to strength on the back of the free trade agreements it has enjoyed with the United States and Canada since 1994. The value of its exports to the United States now far exceeds that of its imports from its northern neighbour — a major bone of contention for Trump.
On Tuesday, the tariffs he announced on all Mexican imports shortly after taking office are due to go into effect, after being suspended for a month.
AFP
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