Trump's warning without effect

At the end of May of this year, Donald Trump - president of the United States - announced for June 10th a 5% tariff on Mexican exports to that country would begin to apply. This measure would have been taken as a counterpart to illegal migration and the increase in the taxes could reach 25% in October, according to media reports.

However, after an agreement between the two nations, the imposition of the aforementioned rates was without effect.

For Luis Gerardo González García - president of CICEG - “this policy would have affected the local footballer sector and the production of transnational companies installed in Mexico. The impact on the footwear industry would have been significant, since the United States represents 80% of total sales abroad in this sector, ”said the manager.