Trump’s policies could boost Mexican economy

MEXICO - The fiscal and protectionist policies announced by the virtual president of the United States, Donald Trump, during his campaign, could also end up benefiting the Mexican economy, according to Miriam Acuña, analyst at Grupo Bursátil Mexicano (GBM).

The specialist explained that a tax reduction for companies, from 21 to 15%, and greater support for companies in the US, would boost the development of the US economy between 2025 and 2026, and due to the connection between the two neighboring countries, Mexican GDP would also benefit.

“This possible higher growth of the U.S. economy in the short term could generate certain benefits for the Mexican economy,” said Acuña.

He also explained that in the past, the Trump administration initiated a trade war against China, which resulted in Mexico becoming the main trading partner of the United States in 2024, so he pointed out that this scenario could be repeated in the new administration of the Republican.

“We think that this increase in tariffs against China could change the case of nearshoring in favor of Mexico, which has benefited from the substitution of Chinese imports,” he said.

Acuña commented that Mexico is now supplying goods to the United States, especially those products in which China has lost its share.

In view of the nearshoring that could take off in the medium term in Mexico, Miriam Acuña commented that there are certain sectors that can catapult its growth.

These include the cement, consumer, mining, banking and industrial industries.

However, he stressed that everything will depend on the policies employed by the New York Republican.