US tariffs could shrink Mexico’s economy by 0.5%: Report
If US tariffs on Mexican imports persist for months, S&P Global Ratings predicts a ‘significant’ economic impact, with Mexico’s GDP potentially contracting by 0.5 per cent. A weaker peso could offset some costs but would also reduce imports. Key industries like auto supply, metals, and oil would suffer, along with infrastructure and finance.
If US tariffs on Mexican imports persist for months, S&P Global Ratings predicts a ‘significant’ economic impact, with Mexico’s GDP potentially contracting by 0.5 per cent.
A weaker peso could offset some costs but would also reduce imports.
Key industries like auto supply, metals, and oil would suffer, along with infrastructure and finance.
