Samsung's pause on a planned investment in Mexico could be due to the climate of uncertainty in both Mexico and the United States, said Roberto Vega Solís, president of the Confederation of Employers of the Mexican Republic (Coparmex) in Tijuana.
The climate of uncertainty, he added, includes the imposition of tariffs on Mexico by President Donald Trump, as well as the Judicial Reform and the Mexican government's debt burden from implementing social programs.
Local business owners expressed confidence that the South Korean electronics company had no investment plans in the city until now, but, like Coparmex, they learned of the announcement through press reports.
This month, the US president implemented a 25% tariff on imports of aluminum and steel, the latter essential for the manufacture of refrigerators.
The Mexican government has reached an agreement with the US government to avoid tariffs on products that are part of the current trade agreement, but there is still a possibility that they will be applied in April.