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Mexican financial group foresees global trade reconfiguration amid U.S. tariff threats

0 Comment(s)Print E-mail Xinhua, February 13, 2025
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MEXICO CITY, Feb. 12 (Xinhua) -- Global trade could enter a phase of reconfiguration in 2025 due to various risks ahead, particularly U.S. President Donald Trump's tariff policy, Mexico's Monex Financial Group warned Wednesday.

"This could once again reshape global trade, add inflationary pressure, and challenge central banks," the private financial institution warned in its special report.

Monex also noted other risks, including weaker economic activity, with countries and regions such as the European Union experiencing a sharper slowdown, as well as rising geopolitical tensions.

It said the Mexican economy is experiencing "a notable slowdown," making President Claudia Sheinbaum's "Plan Mexico" key to economic stability.

The report also emphasized the importance of ongoing diplomatic negotiations with the United States to maintain stable trade relations.

On Feb. 1, Trump signed executive orders to impose 25-percent additional tariffs on imports from Canada and Mexico, but later put them on hold for a month to allow further negotiations. Enditem

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