Supreme Court ruling<\/a>. \u201cWe have to see where this is going,\u201d Ebrard told reporters. \u201cWe have to see what measures [Washington] is going to take to figure out how it is going to affect our country. \u201c<\/p>\nAmid widespread concern about tariffs in Mexico \u2014 the United States\u2019 major commercial partner, with almost $1 trillion in annual two-way trade \u2014 Ebrard cautioned: \u201cI tell you to put yourselves in zen mode. As tranquil as possible.\u201d<\/p>\n
Mexican President Claudia Sheinbaum, when asked about the tariffs, said, \u201cWe\u2019ll review the resolution carefully and then gladly give our opinion.\u201d<\/p>\n
Ebrard said he plans to travel to the United States next week to clarify matters.<\/p>\n
Last year, Ebrard noted, Mexico managed to stave off Trump\u2019s threats to impose a 25% across-the-board levy on all Mexican imports.<\/p>\n
However, Mexico has been pushing back against Trump administration tariffs on imports of vehicles, steel and aluminum, among other products.<\/p>\n
Among other impacts, the Supreme Court voided so-called fentanyl tariffs on Mexico, China and Canada. The Trump administration said it imposed those levies to force the three nations to crack down on trafficking of the deadly synthetic opioid.<\/p>\n
About 85% of Mexican exports to the United States are exempt from tariffs because of the United States-Mexico-Canada Agreement. The accord extended a mostly free-trade regimen among the three nations, replacing the North American Free Trade Agreement.<\/p>\n
The three-way pact is scheduled for joint review starting July 1. That date marks six years since the agreement was signed during the first Trump presidential term.<\/p>\n
In Ciudad Ju\u00e1rez, Mexico, along the Texas border, Sergio Berm\u00fadez, head of an industrial parks company, discussed Trump\u2019s plan for a new tariff. Trump, he said, \u201csays a lot of things, and many of them aren\u2019t true. All of the businesses I know are analyzing, trying to figure out how it\u2019s going to affect them.\u201d<\/p>\n
The impact could be felt especially in Juarez: Much of its economy depends on factories producing goods to export to consumers in the U.S., the result of decades of free trade between the U.S. and Mexico. <\/p>\n
The policy swoons in the United States over the last year have made many global business leaders cautious, as they struggle to forecast and see investment take a hit. <\/p>\n
CEO Alan Russell of Tecma, which helps American businesses set up operations in Mexico, has seen his job grow increasingly complicated over the last year \u2014 his company\u2019s workload has surged as much as fourfold as it grapples with new import requirements. He worries the last U.S. moves will only make things more difficult.<\/p>\n
\u201cWe wake up every day with new challenges. That word \u2018uncertainty\u2019 has been the greatest enemy,\u201d said Russell, who is American. \u201cThe difficult part has been not being clear what the rules are today or what they\u2019re going to be tomorrow.\u201d<\/p>\n
A \u2018good decision\u2019<\/p>\n
Swissmem, a top technology industry association in Switzerland, hailed the Supreme Court ruling as \u201cgood decision,\u201d writing on X that its exports to the U.S. fell 18% in the fourth quarter alone — a period when Switzerland was facing much higher U.S. tariffs than most neighboring countries in Europe.<\/p>\n
\u201cThe high tariffs have severely damaged the tech industry,\u201d Swissmem President Martin Hirzel said on X<\/a>, while acknowledging the dust is far from settled. \u201cHowever, today\u2019s ruling doesn\u2019t win anything yet.\u201d<\/p>\nTimes staff writer Patrick J. McDonnell in Mexico City contributed to this report, as did Associated Press writers Tong-Hyung Kim in Seoul and Megan Janetsky in Mexico City. AP writers Mar\u00eda Verza and Fabiola S\u00e1nchez in Mexico City, Samuel Petrequin in London and Jamey Keaten in Lyon, France, also contributed. <\/p>\n","protected":false},"excerpt":{"rendered":"SEOUL\u00a0\u2014\u00a0Governments and companies around the world scrambled Saturday to determine the impact of the U.S. Supreme Court ruling…\n","protected":false},"author":2,"featured_media":188160,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[88437,387,71413,21607,14545,48,52,51,7036,47,50,49,88092,2457,88354,3020,50902,13967,2281,435],"class_list":{"0":"post-188159","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-los-angeles","8":"tag-big-economy","9":"tag-business","10":"tag-global-leader","11":"tag-good-thing","12":"tag-impact","13":"tag-la","14":"tag-la-headlines","15":"tag-la-news","16":"tag-last-year","17":"tag-los-angeles","18":"tag-los-angeles-headlines","19":"tag-los-angeles-news","20":"tag-marcelo-ebrard","21":"tag-mexico","22":"tag-new-tariff","23":"tag-president-trump","24":"tag-south-korea","25":"tag-tariff","26":"tag-u-s","27":"tag-united-states"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/188159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=188159"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/188159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/188160"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=188159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=188159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=188159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}