In terms of jobs, the Secretary of the Treasury of Mexico indicated that 560,000 jobs would be created in the Aztec country.

Mexico's Gross Domestic Product (GDP) could grow up to 1.4% more if imports from China are replaced, in addition to creating new jobs, indicated Rogelio Ramírez de la O, head of the Ministry of Finance and Public Credit (SHCP). .

“If we produce only 10% in North America of what we currently import from China, the impact of that demand spilling over into the region would cause Mexico's GDP to increase by 1.4 percentage points more than it is today or its recent trend; in the United States it would increase 0.8 percentage points, which is also a lot, and in Canada 0.2 percentage points. Very strong impacts for the three countries,” he indicated during the morning press conference at the National Palace.

In terms of jobs, the Secretary of the Treasury indicated that 560,000 jobs would be created in Mexico, while in the United States the increase would be greater, with 600,000 positions and in Canada it would be 150,000.

The products that the region could produce, to depend less on China, are in the manufacturing chain, such as medical equipment, pharmaceuticals, electronics, metalworking, automotive parts, as well as electrical and non-electrical machinery.

These statements come after, in recent days, the official indicated that trade with China should be reviewed, given that there is no “reciprocal” relationship with the country.

“Mexico has to do its own review because we buy US$119 billion per year from China and sell US$11 billion to it,” he said.

For this reason, a change is being considered in the investment policy and attention to foreign investment, in order to produce more and depend less on other countries, such as China.