Background on Lorena Muñoz Altamira and Her Relevance
Lorena Muñoz Altamira, the president of the Chamber of Commerce in Querétaro, Mexico, has become a prominent voice in addressing the recent trade tensions instigated by U.S. President Donald Trump. As the head of the Chamber of Commerce in Querétaro, a region heavily reliant on trade with the United States, Muñoz Altamira’s words carry significant weight for local businesses and the broader Mexican economy.
Trump’s Trade Policy and Its Impact on Querétaro
In a recent development, the U.S. announced plans to impose a 30% tariff on Mexican products starting August, causing concern and uncertainty within the Querétaro business community. Muñoz Altamira expressed her worries about this new trade policy, stating that it feels like a step backward to 2025 and could potentially halt ongoing commercial contracts.
Muñoz Altamira’s Recommendations for Querétaro Businesses
- Review Contracts: Muñoz Altamira urged businesses to review contracts that could be affected by the new tariffs, should Trump’s trade policy proceed.
- Avoid Debt: She also advised companies to avoid taking on excessive debt, as this could exacerbate the challenges posed by potential tariffs.
- Diversify Trade Relationships: The Chamber of Commerce president emphasized the importance of diversifying trade relationships with other partners, reducing dependence on the U.S. market.
Collaboration with Cámara México-Brasil
To strengthen Querétaro’s position in the global market, Muñoz Altamira plans to sign a collaboration agreement with Miguel Ruiz, the national president of Cámara México-Brasil. This partnership aims to establish commercial communication channels with Brazil, a rapidly growing economy in South America. The Chamber of Commerce in Querétaro already maintains strong relationships with other Latin American countries, which could open doors to new trade opportunities.
Mexican Government’s Efforts to Mitigate Tariff Impact
In response to the looming tariffs, Mexican and U.S. officials met on July 11 to establish a permanent working group addressing various trade-related issues. Through this mechanism, the Mexican Secretariat of Economy (SE) aims to reach agreements that would prevent the implementation of new tariffs on August 1.
Key Questions and Answers
- What is the new trade threat from Trump? The U.S. announced plans to impose a 30% tariff on Mexican products starting August, causing uncertainty and potential contract freezes in Querétaro’s business sector.
- Who is Lorena Muñoz Altamira and why is she relevant? Muñoz Altamira is the president of the Chamber of Commerce in Querétaro, Mexico. Her role makes her a crucial voice in addressing the recent trade tensions instigated by U.S. President Donald Trump.
- What recommendations has Muñoz Altamira provided for Querétaro businesses? She advises reviewing affected contracts, avoiding excessive debt, and diversifying trade relationships with other partners.
- What is the Mexican government doing to address the tariff threat? Mexican and U.S. officials have established a working group to negotiate agreements that would prevent new tariffs from taking effect on August 1.
