CEOs of leading Mexican companies and Secretary Marcelo Ebrard spotlighted how two-way investment boosts key industries in North America’s economy.
Most leaders conveyed frustration or made requests to negotiate while some expressed gratitude for only getting the baseline rate.
The baseline 10% tariff applies to many countries in the Americas, with notable exceptions.
Amid growing uncertainty, Mexico's president addressed trade negotiations and plans for the economy in a major speech.
This "is a rethinking of what trade really is and the importance of it to the United States," said the AS/COA vice president.
The decision could push Mexico into a recession, while the U.S. may see higher consumer prices and slower growth.
“We're the best friends of each other, and that's really important to remember,” said the AS/COA president and CEO.
