The world’s largest bilateral trade relationship continues to grow, but it is unlikely to continue.
As many have predicted, Donald Trump’s tariffs have not slowed Mexican exports to the US. In the first quarter of 2025, Mexico sold $131 billion worth of goods and $131 billion worth of goods since records began. This is a whopping 9.6% increase from the same $119.8 billion reported in 2024 Pernes.
This was the same story about Mexican imports from the US. This was $84 billion, up 4.8% from the previous year. The result is a historical record of total trade between the two countries boosting $215 billion in the first quarter. After raising the value of a total of $840 billion last year, bilateral trade relations around the world appear to coincide with strength to strength.
Mexico’s exports to the United States have won the fact that, in the first three months of this year, since February 4, the Trump administration has reduced tariffs on all Mexican export goods that are not covered by the USMCA trade agreement by 25%. Also, since March 12, the Trump administration has undermined 25% tariffs on both sub-delivis, including Mexican steel, aluminum and canned beer.
But Mexico, a tariff on Evite Trump, is the second and third trading partner of the US, like Canada and China, increasing revenue from exports sent to the US in the first quarter of 2025.
In fact, trade between the US and USMCA members Canada has already fallen.
The Trump administration’s obligations on Canada’s steel, aluminum, automobiles and other products, as well as Canada’s widespread US goods, led to a massive pullback of activities between Canada and its largest trading partner in March. Exports to the US surpassed 6.6%, the biggest drop in nearly five years, while imports fell 2.9%, Statistics Canada data showed on Tuesday.
Exports to other countries jumped to 24.8%, almost completely offsetting the decline in outbound shipments to the US. Imports from other countries also increased by 1%. As a result, the trade deficit in goods with the Canadian world fell from $1.4 billion in February, falling to $506 million, breaking a $1.6 billion shortfall speech in an economist Bloomberg survey.
The country’s trade surplus with the US narrowed to C$8.4 billion from $10.8 billion in February.
Meanwhile, the US trade deficit with Mexico continues to grow, reaching $1400.5 billion in the first quarter of 2025, according to the Census Bureau. All of this is happening not only on evite, but mostly on the carp of Trump’s tariffs.
Since Trump launched global tariffs, Bush’s consumers and businesses have prepaid imports from countries subject to relatively low tariffs, including Mexico. This explosion in the imports of this tax has been identified as one of the main factors behind the contribution of the US economy in the first quarter.
Unfortunately, for Mexico, relief can be short-lived. Consumption will evacuate as American businesses and consumers face rising prices and potential supply shortages. As Eve warns with Post’s complacentness, negativity and the risk of economic Trump Calypse, not only Trump’s tariffs, but also Doge and immigration crackdowns could be in the US position, given the scale of the confusion and dislocations that have been caused so far.
It is not only a result of the retrospective nature of information that appears to be a rapidly accelerating download, but also a small business and a good intermediate product producer that has achieved the biggest hits, and is generally under-studied.
But the media’s tone, discussions with the American people, and a recent short trip to New York City, one lot, and the US SEM in the summer of 1914 is based on too much. Put another way, if something that was on the horizon is enough to surprise, May 1st will begin a general open-ended strike.
Trump is really doing well in his way to implement a reactionary restructuring of the US and the international economy. “The End of Globalization” is a form that is too bloodless to communicate the severity of anomalies that are just beginning to arrive.
Even in the undiminished scenario where Trump was to abandon his customs politics next week, the disruption and interruption of supplies would still have done quite a bit of harm. The longer they stay, the more permanent the damage, especially for small businesses, especially for small businesses closures and downseating.
And that’s bad news for Mexico, the largest trading partner in the US. Therefore, as we mentioned before, there are few extreme examples of economic dependence than Mexico’s relationship with the US. Mexico ships more than 80% of its exports to its north neighbours, many of which are produced by US companies based in Mexico. These exports are just over a quarter of Mexico’s GDP. That’s why many analysts have identified Mexico as the biggest economy exposed to Trump’s tariffs.
This is a 2017 article in the Spanish version of Londe Diplomatique, and is now all filmable by NAFTA, as it is neatly recounted (machine translation):
After signing the Foreign Investment Act, which launched almost the entire Mexican economy (except the oil sector) to investors from the north, US cross-border businesses quickly established control in their neighboring countries. This phenomenon was a joyous welcome from local elites. President Ernesto Zedilo (1994-2000) falsified the term “globephobia” to slander those who slander the ability of free trade to ensure prosperity and promote growth while organizing the submission of his country’s productive manufacturing to the US needs. Like most of his colleagues and friends at the time, and “Neo Scientists,” Zedilo had a PhD in Economics obtained in the United States.
His president, and earlier Carlos Salinas de Goltali (1988-1994), decided to reorganize the economy around one priority: exports. It was the second time the country had been involved in such a project. However, for the first time, under the President of Porphyrio Diaz (1876-1880 and 1884-1911), it was based on minerals and agricultural products, but it was the second experience to turn Mexico into an export of manufactured products. With the support of the World Bank, the International Monetary Fund (IMF), and the Inter-American Development Bank, and with the unconditional support of the employer’s organization and the national Olithe head, Salinas de Goltali and his Accorites have remodeled the country.
Part of that remodeling was wiped out by flooding Mexican small farmers into heavily subsidized US-grown beans, rice and corner markets. The entire network of small and medium-sized enterprises, born from the industrialization policy of the 1930s, was deprived of finance and “the entry of Mexico into the general aggregation of the World Trade Organization (WTO) tariffs and traders (GATT) in 1986 was unlocked into foreign competitions) – GATT was successful.
The average wages recorded between 1988 and 2005 did not exceed 60-70% of the STI level in 1981. As a result, a massive departure of rural workers was inevitably a massive escape into the United States. Others worked for drug cartels, often at dying.
In the first quarter of 2025, US-based Mexican workers lost 132,190 jobs, according to data from the Latin American and Caribbean Remittance Forum. This comes just after the previous decline in the fourth quarter of 2024.
Remittances – Money sent by migrant workers to their home families is a key source of income, especially for rural communities that were affected by naphtha. Last year, Mexico received a $63 billion remittance. This is almost entirely from the US. This is more than any other country in Planet Bar India, and represents 3.7% of Mexico’s GDP.
Like many others in Latin America, the bad news for Mexico is that remittances have begun in recent months as Trump’s crackdown on migrant workers has intensified. According to the Bank of Mexico, good (and rather undecided) news is that inflows began to rise again in March, increasing by 2.7% annually to $5.15 billion.
As a result, the cumulative value of the remittance facility for the first three months of 2025 was $14.26 million, slightly higher than last year’s $14,083 million. In other words, this important lifeline for so many Mexican families has so far been surprisingly weathered Trump’s immigrant crackdown. But again, whether this trend will follow the whims and whims of the Trump administration.
