After Trump's tariffs, Mexico seeks Asian and European crude oil buyers

The good thing is that there's appetite for Mexican crude in Europe, in India, in Asia,

they said

Other Mexican corporate sectors face moderate to low exposure due to diversification or alternative markets,

the agency said

There's relief and optimism to some degree, mainly because there's this chance that the tariffs might not go fully as in theory with the U.S. maybe considering some exemptions,

said Quasar Elizundia, research strategist at Pepperstone, comparing the situation to the one-month reprieve given in early February

The common problem that we have in the United States and Mexico is the position of China,

said Maximo Vedoya, president of CAINTRA, an organization that represents several thousand companies

Action must be taken quickly" given the high stakes, notably 80,000 factory jobs just along the stretch of the border near Tijuana

said Contreras, a metalworking businessman

China is the one that disrupts all world trade,

he told reporters Tuesday, accusing the Asian giant of "unfair trade practices."

We may be less competitive, but in the end we will still be competitive,

he said

Are we to blame for companies deciding to come to Mexico to export to the United States? No, it's the result of a good relationship since President Trump's first term and the trade agreement that came before,

she said

We are working very hard on costs,

said Jorge Cuellar, human resources manager at TAPEX Mexicana

It is quite a strong impact,

he said, resulting in decreased demand and production volumes and subsequent unemployment

The impact of this measure will be significant,

Coparmex warned of the 25-percent tariffs on Canadian and Mexican imports into the United States

The stability of the economic relationship with our main trading partners must be a priority, but always under fair and reciprocal conditions,

said the group

People are the most important thing for any company. That is the most indispensable factor in being productive,

he said

What we have to do is to look at cutting costs and improving continuous automation and use of materials,

he said

Speaking in percentage calculations, this can really lead to between a 65 and 70 percent increase in the cost of the product. And in the end, that increase in the cost of the product will have to be passed on to the final consumer,

he said

The United States, Mexico and Canada have built a strong and competitive regional economy … [driving] growth and job creation.”

In a press release, AmCham said

Now is the time to redouble our efforts to strengthen North America, ... Now is the time to double down on cooperation, stability and shared prosperity.”

it said, adding

Black day for the capital markets,

Siller said on X on Tuesday morning above a chart showing

We continue to believe that both currencies [the peso and the Canadian dollar] could fall by around 5-10% in response to more persistent tariff hikes,

he said

We tend to believe these are more of a negotiation tactic and not the start of a long and drawn out reciprocal trade war. Still, in these situations, investors sell first and ask questions later, as seen during Monday’s selloff,

he said