Will Bitcoin benefit from Trump’s tariffs to Mexico?

Donald Trump’s government announced a few days ago the imposition of new tariffs to Mexico. These tariffs will mainly affect Mexican products such as cars, agricultural and manufactured goods. They will officially enter into force on March 1, 2025.

The measure seeks Press economically Mexico To achieve commercial and foreign policy objectives, with possible negative effects in the Mexican economy in the medium and long term.

In general, tariffs will increase import costs for Mexico, which could raise the price of basic products and servicesaffecting the inflation and purchasing power of citizens. This context has highlighted Bitcoin and other cryptocurrencies as possible lifeguards to overcome commercial restrictions and new taxes.

According to Irwing Tello, web consultant of the Mexican firm DFH, «it is possible that the adoption of Bitcoin in Mexico is accelerated due to Trump’s tariffs.» Tello points out that, if more companies begin to use cryptocurrencies as an alternative payment method, This could increase the generalized adoption of these digital assets, which is already high, Considering that Mexico is the 14th country with more cryptocurrency users, according to Chainysis.

Speaking to cryptooticias, Tello stressed that, as part of the strategies to counteract the effects of tariffs, «Mexico has a competitive advantage thanks to Mexican talent and low cost of living compared to the United States.»

“When working for foreign companies, we can take advantage of this advantage to generate income and grow economically. In addition, we must encourage the field, since we focus on the issue of technology, but not food security, ”he said.

For Tello, BTC could mitigate the adverse effects of tariffs in sectors such as automaker, agriculture and manufacturing.

«BTC could reduce costs, increase the speed of transactions, offer payment alternatives and foster a local market,» he said. However, he acknowledges that, despite being part of the web3 ecosystem, «there is still a generalized lack of adoption.»

«Although some organizations are doing a good job in support of Mexican communities, the struggle for recognition and power between web3 organizations is complicating the process,» he emphasized.

The specialist suggested that «it is essential to establish clear and defined flows to promote collaboration and innovation.» «In addition, we must look for ways to encourage and reward those who create value content, either through recognition, economic rewards or professional growth opportunities,» he said.

Tariffs are a pressure strategy

Tello’s speech finds Eco in José “Pimpo” Rodríguez, director of Blockchain Land and Axobtc. For him, tariffs are a political and economic pressure strategy.

Rodríguez sees in Bitcoin, cryptocurrencies and stablecoins a way of making international payments and transfers, although, he clarifies, The final liquidation would be in Mexican pesos.

In comments to cryptooticias, Rodríguez said that this «would allow to link a commercial transaction, with a unique chain payment identifier, and carry out the tracking, monitoring and logistics of merchandise, as well as payments coordination.»

This would also allow a clear visualization of the transaction, considering that an international transfer «may lose visibility for hours or days, depending on the systems used, intermediate financial institutions and countries.»

Rodríguez added that “it is faster and more efficient to liquidate a transaction in USDT or Bitcoin, have visualization of the entire transaction and liquidation at all times, certainty, and in seconds or minutes to exchange it for MXN or local currency, and receive it the same day in the bank ”.

Rodríguez also emphasizes that the Mexican population It will be immediately affected by these tariffs, «Raising the cost of products and services, reducing the supply of products.»

In addition, it warns about the changes involved in the new taxes: “The change in conditions, processes, operations, supervision and increase of new taxes or taxes, generates costs for companies and industries such as: systems update, operations, charges, withholdings, Training, and probable fines, sanctions and temporary or definitive suspension for not complying with regulations, tariffs or conditions, which seems that in the coming weeks and months, they will continue to move almost capriciously ”.

Despite seeing BTC as a viable option for payments, Rodríguez points out that Its greatest growth has been as an investment vehicleboth for people and companies. He also said that in recent months the Mexican peso «has been one of the coins that has lost the most value against the US dollar.»

This has accelerated investment and savings in USDT and BTC, «and generating curiosity and exploration in a sector of the population that seeks alternatives.»

Thus, Rodríguez considers that, for international payments and transfer, or at no cost between wallets and exchange sites, There is growth and is done in stablcoins, especially USDT. «Unlike a payment with BTC, all parts of the transaction do not have to worry about volatility and fluctuation,» he said.

Regulation as in El Salvador

Both Tello and Rodríguez agree on the need for a Regulation that protects investors without suffocating innovation. According to Rodríguez, the regulation could boost the Bitcoin, Blockchain, Stablecoins and Fintech industry in Mexico, which is currently in a regulatory limbo.

«The regulation of the sector has not had advances and is non -existent in the country, despite the efforts in the Senate, Deputies, Secretariats of State, Law initiatives, Law and Presidency reforms,» ​​he said. «This causes companies to prefer to establish themselves in countries such as El Salvador or Gibraltar, where they have regulatory and legal certainty, and the operation, investment and personnel of the company is not put at risk,» he said.

Rodríguez sees necessary that Mexico is updated and including these technologies to regulation«To take advantage of investment and growth.» «Otherwise, these opportunities, investment and employment generation will continue to migrate to other countries,» he explained.

For its part, Tello underlines the importance of regulation in the development of the cryptocurrency ecosystem, mentioning the case of El Salvador, which Bitcoin adopted for more than 3 years as legal tender.

«Proper regulation is key to fostering innovation and protecting consumers,» Tello said. «There must be a balance between consumer protection and freedom to innovate, thus avoiding drowning the growth of the sector,» he said.

Mexico has a more open and receptive ecosystem to the exploration and development of cryptocurrencies. However, Tello believes that The regulation must go beyond the prevention of money laundering.

“It is also important to regulate practices that can manipulate the market and punish financial pyramids that seek to take advantage of naive investors. A balanced and effective regulation can help create a safe and reliable environment for cryptocurrency investors and users, ”he concluded.