*Public debt and tax collection are key to a stable economy
*U.S. economic policy disrupts all its trading partners
*Country exempted from reciprocal tariffs as a result of negotiations
*Threats affect the economy due to the economy hegemony of the United States
*President to present program on her efforts to strengthen the economy
*U.S. economic policy disrupts all its trading partners
*Country exempted from reciprocal tariffs as a result of negotiations
*Threats affect the economy due to the economy hegemony of the United States
*President to present program on her efforts to strengthen the economy
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NewsTranscript
00:00Although Mexico was left out of the global reciprocal tariffs announced on April 2nd
00:04by the President of the United States, Donald Trump, the government of Claudia Sheinbaum
00:07continues to prepare to avoid any economic problems. Our correspondent Antonio Aranda with more.
00:16In view of the announcement of global tariffs by the United States government,
00:20President Claudia Sheinbaum stressed that the Mexico plan will be strengthened to avoid
00:25economic fluctuations and protect key industries such as the automotive industry.
00:29Our interest is in strengthening the Mexican economy,
00:35among others the automotive industry.
00:45We have a plan to strengthen the economy in any circumstance. It is the Mexico plan
00:50and now we are going to strengthen it even more. We are not negative.
00:53Sheinbaum detailed that controlling public debt and improving tax collection
01:02will help maintain a stable economy.
01:09Mexico is one of the countries with the lowest debt regarding GDP
01:12of all the Organization for Economic Cooperation and Development.
01:16It is not that Mexico is getting more indebted, but rather that according to the exchange rate,
01:20the percentage of debt changes, because part of the debt, although not much, is foreign debt.
01:25Most of Mexico's debt is already in pesos.
01:33President Sheinbaum acknowledged that the change in U.S. economic policy
01:37will cause problems for all its trading partners.
01:44When the President of the United States, which is the largest economy on the planet,
01:47decides to change policy, which is what President Trump is doing,
01:50well obviously, and especially if it is trade policy,
01:58it obviously has its impacts on the whole world.
02:00The issue is how strong your economy is to be able to address those impacts.
02:10The Donald Trump administration exempted Mexico from the reciprocal tariffs
02:15that will go into effect on April 3.
02:17This is the result of ongoing high-level negotiations, says this specialist.
02:22The constant high-level business dealings between Mexico and the United States.
02:29And the latest negotiations, for example, the latest meetings that Marcelo Ebrard
02:33and some other Mexican government officials have had, and with high-level U.S. government officials,
02:38show an understanding and a good dialogue between the parties,
02:40so I don't think we should be surprised if nothing is announced tomorrow,
02:43at least on the part of the Mexican government.
02:50Although the tariff measures have not materialized,
02:53the threats affect the Mexican economy due to the economic hegemony of the United States.
03:01Even if tariffs are not imposed, the damage is already there.
03:04If we grow more than 1%, it will already be a lot of profit for the Mexican government,
03:09driven by Donald Trump's policies, but we also have a responsibility in Mexico.
03:14President Claudia Sheinbaum will present this Thursday a comprehensive program
03:19to detail how she will work to further strengthen Mexico's economy.