GEOPOLITICS | U.S. Supreme Court Decision on IEEPA Tariffs Raises Concerns for Mexico

Banco Base analyst Gabriela Siller has expressed concerns following the U.S. Supreme Court's decision to overturn U.S. President Donald Trump's IEEPA tariffs ruling. According to Jin10, Siller noted that this development might not be beneficial for Mexico, as goods entering under the USMCA agreement were previously exempt, but the current situation remains unclear. Trump has stated that tariffs under Section 232 and Section 301 will remain unchanged, and he plans to impose a 10% global tariff under Section 122, in addition to existing tariffs. Siller highlighted that this could lead to increased tariffs on Mexican automobiles, rising to 35%, and steel and aluminum tariffs reaching 60%. She also mentioned that the review of the USMCA agreement might become more challenging.