Trump's Inauguration and Tariffs

In his inauguration speech, President Trump did not make an immediate decision to increase general tariffs on Mexican exports. This stance was echoed by Howard Lutnick, the new U.S. Secretary of Commerce, who refrained from mentioning specific tariff increases during a rally with supporters.

With attention now focused on the Executive Orders expected to be signed in the coming days, this suggests that the new administration may opt to impose tariffs on specific cases related to special circumstances, including the U.S. trade deficit with Mexico (as well as those with China and Canada).

The forum tasked with analyzing potential tariff increases appears to be the newly established "External Revenue Service," which requires adjustments to the U.S. administrative structure and aligns with the plausible objective of reducing bureaucratic burdens in the neighboring country a forum where the Mexican government could have an opportunity to be heard.

According to reports in U.S. outlets such as The New York Times, the new administration's executive orders will focus on assessing whether the trade practices of Mexico (and Canada) comply with the provisions of the USMCA, along with tariffs imposed by the U.S. on goods considered matters of national security and the de minimis thresholds under U.S. regulations, which allow the entry of numerous Chinese goods. This approach could resemble recent measures implemented by the Mexican government.