Potential Trump Return Worries Quintana Roo Businesses

Businesses in Quintana Roo, Mexico are expressing concern over the potential return of Donald Trump to the U.S. presidency. During his previous campaign, Trump threatened to increase tariffs and alter trade agreements, which could impact the region's economy.

Sergio León Cervantes, president of Entrepreneurs for Quintana Roo, suggested that the effects of Trump's potential return would be most noticeable in new investments. Current investments are expected to continue, but the exchange rate, which could exceed 20 pesos, is another area of concern.

Cervantes explained that the trade balance between Mexico and the United States reached $6.8 billion last year. However, this balance could shift significantly depending on the economic situation in the U.S.

The potential for a halt in new capital is a significant concern, particularly in relation to investment. Analyst Gabriela Siller believes that the primary issue is the U.S.-Mexico-Canada Agreement (USMCA). Trump has previously mentioned renegotiating the agreement, which could involve significant changes rather than minor revisions.

Javier Olvera, president of the Caribbean Business Coordinating Council, emphasized the importance of maintaining positive trade agreements with the U.S. and Canada. He believes that these agreements benefit the economies of all three countries and can provide new opportunities.

Olvera suggested that the uncertainty surrounding the elections in both Mexico and the U.S. should clear up within a few months. This clarity could lead to improved investment and tourism, the two main contributors to the region's economy.

He concluded by emphasizing the need for mutual respect and cooperation between the countries, regardless of the political landscape.