Investments in Baja California have decreased between 10% and 15% as a result of the tariff measures implemented by the United States government, according to Aldo Rafael Rodríguez, president of the Binational Commission of the Employers' Confederation of the Republic (Coparmex) in Tijuana.
U.S. President Donald Trump's tariff policies have had a direct impact on companies engaged in import and export, primarily in the maquiladora industry, but have also indirectly impacted the steel and aluminum industries, said the president of the Coparmex Binational Commission.
In addition to the impact on the construction industry, the metalworking, electrical, and automotive industries would also be affected, said Aldo Rafael Rodríguez.
"I foresee that this tariff war could generate other impacts beyond the directly related companies (...) Some of the consequences are job cuts and low demand for real estate," he concluded.