This was revealed by a report from S&P Global Ratings (S&P), which states that the tariffs that the president of the US, Donald Trump, are implementing are “One of the main concerns” for companies in the country, since they consider that They will cause a rise in input prices. In fact, Wall Street closed a February sales, marked by President Trump’s tariffs leaving Falls of almost 4% in Nasdaq, 1.6% in Dow Jones and more than 1.4% for the S&P500.
According to S&PR, companies also point out important uncertainties regarding other measures (including reciprocal tariffs and additional tariffs on specific products, as well as the possibility of imposing 25% tariffs on imports from the EU) that Trump has suggested.
Aitor Pereira de BM comments that S&PR analysts believe that increasingly protectionist commercial policies, included substantially higher tariffs, would probably result in inflationary pressures through higher prices for consumers and higher supplies costs for US sectors exposed to imports and cross -border supply chains at a time when they are dealing with already high costs and a more difficult transfer environment. David Teher, from S&P, remembers that many of the commercial partners probably subject to higher American tariffs represent a great proportion of imports of American products. “
COMMERCIAL WAR: Fear of possible retaliation actions
The report also focuses on possible retaliation actions by third countrieswhich could harm those who depend on key components and foreign markets, which could exert more pressure on the margins of companies, which would affect their credit quality. “Focusing on the tariffs announced by the Trump administration so far about China, Mexico, Canada and steel and aluminum, we believe that cars, metals and mining, technology, oil and gas, capital goods, chemicals, consumer products and retail products, pharmacy and health care, and public services and energy They are key US sectors to which attention must be paid, “says Chiza Vitta of the qualifier.
It is worth remembering that Trump also includes China, which would suffer a duplication of recent tariffs imposed with an additional 10%rate, and the same would touch the European Union with a 25%tariff. It was at the end of his first cabinet meeting and before the press that Trump said they had made a decision and announced it very soon, on the EU, they will be 25%, and they will apply to cars and everything else, arguing that the EU was created to annoy US Type of reasons not to accept them.
Anyway, the exact details of this new round of tariffs are still to be known, the same thing that happens with the reciprocal rates that he anticipated weeks ago and that will predictably be implemented after April. Trump also assured that the tariffs to Mexico and Canada will begin to be applied from next April 2, after being initially leisurely for a month since their announcement.
Trump Tariff Policy: How would it affect the Mexican economy
S&PR experts also analyzed how American tariffs (25%) could affect Mexico’s economic landscape and what strategies should supply chains adopt to mitigate tariffs. In relation to the first issue, the qualifier points out that the US represents more than 80% of Mexican exports, mainly of manufactured products.
“Our prognosis assumes that Mexico would respond with tariffs of 10% to a limited range of products, mainly metals and selected foods; But American tariffs would push the Mexican economy to a recessionThe growth of the real GDP of 2026 is expected to remain stagnant, therefore it is expected that the decrease in external demand, the growing tax pressures derived from a lower income growth in the midst of the economic deceleration and a differential of increasingly narrow interest rates between Mexico and the US promotes the exchange rate to 22.28 Mexican pesos per dollar for the end of 2025 Current base, ”they explain from S&PG.
While in the case of supplies chains they consider that a new round of import tariffs to the US will require companies to set aside their strategies to deal with Trump’s measures, and there are many ways to do so. “As in 2025 more details about tariffs in the US are known, companies will have to choose more and more one or more of these strategies. None of these solutions to tariffs is free, so companies are in the little enviable situation of having to resort to financial answers such as increasing prices, reducing costs in other areas or accepting lower profitability ”, They pointed out.
After the confusion created by the president himself on the calendar and the scope of these tariffs, Trump clarified the situation through a publication in his social network Truth Social (ex x): “Drugs continue to reach our country from Mexico and Canada at very high and unacceptable levels. A large percentage of these drugs, a large part of them in the form of a fentanyl, are manufactured and supplied in China. More than 100,000 people died last year due to the distribution of these dangerous and highly addictive poisons. Millions of people have died in the last two decades, “the president wrote.
“The families of the victims are devastated and, in many cases, practically destroyed. We cannot allow this scourge to continue harming the US, and therefore, Until it stops, or seriously limited, tariffs proposed to enter into force on March 4, in fact, will come into force, as scheduled. China will also be charged with an additional 10% tariff on that date. “ “The date of the second reciprocal tariff of April will remain in full vigor and effect. Thank you for your attention to this matter. God bless the United States!”
It should be remembered that Trump imposed 25% rates to Mexico and Canada on February 1 and then entered “pause” for month after the Mexican president, Claudia Sheinbaum, And the Canadian Prime Minister, Justin TrudeauThey made promises separately to intensify their border surveillance efforts.
But President Trump’s commercial policy goes further. It also imposed 25% tariffs to all imports of steel and aluminum, without exceptions, which will begin into force on March 12. It has also established new 25% rates to the importation of cars, chips and pharmaceutical products, on which it will give more information on April 2.
Source: Ambito
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