ICTSI monitors Trump trade policy impact on Mexico operations

Global ports operator International Container Terminal Services Inc. (ICTSI) is monitoring potential impacts from U.S. President Donald Trump's trade policies, particularly on its operations in Mexico.

ICTSI Chairman and President Enrique K. Razon Jr. expressed caution regarding the unpredictable nature of Trump's daily policy shifts, noting it creates chaos throughout the global economy.

The company's terminal in Manzanillo, Mexico, operated by Contecon Manzanillo which had an estimated market share of 37 percent last year, is considered the most exposed to potential fallout from U.S. import tariffs.

While Trump announced a 25-percent tariff on all imports from Mexico and Canada after his inauguration, he later backpedaled, though car shipments to the US from Mexico remain subject to a separate 25-percent tariff.

Razon noted that ICTSI's direct trade exposure to the U.S. is minimal, accounting for only 3% of its overall cargo volume, and the company remains in a wait-and-see mode.

This limited exposure might even present strategic opportunities if China redirects exports due to U.S. tariff pressures.