{"id":332371,"date":"2025-04-29T23:59:22","date_gmt":"2025-04-29T15:59:22","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=332371"},"modified":"2025-04-29T23:59:24","modified_gmt":"2025-04-29T15:59:24","slug":"trade-the-news-ict-says-tariffs-pose-big-hit-on-mexico-port","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-ict-says-tariffs-pose-big-hit-on-mexico-port\/","title":{"rendered":"Trade the News: ICT says tariffs pose big hit on Mexico port"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>NEGATIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>International Container Terminal Services Inc.<\/td><\/tr>
Stock Code<\/strong><\/td>ICT<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 425.97<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

International Container Terminal Services Inc. (ICT) said its operations in Mexico could potentially take a big hit from American \u201creciprocal tariffs.\u201d<\/p>\n\n\n\n

Still, the homegrown global port operator is in wait-and-see mode on the possible fallout of US President Donald Trump\u2019s vacillating trade policy.<\/p>\n\n\n\n

\u201cThe only major impact that could be possible or potential would be our Manzanillo terminal in Mexico,\u201d ICTSI president and chair Enrique Razon Jr. said during a virtual stockholders\u2019 meeting on Thursday.<\/p>\n\n\n\n

\u201cIt is too early to tell the effect of the Trump tariffs since President Trump seems to be flip-flopping everyday on this and creating chaos throughout the global economy,\u201d Razon added.<\/p>\n\n\n\n

In Mexico, ICTSI operates Contecon Manzanillo, which had an estimated market share of 37 percent last year. The port operator handles eight terminals across the Americas.<\/p>\n\n\n\n

After Trump was sworn in last January, he announced a 25-percent tariff on all imports from Mexico and Canada. He backpedaled later on. Still, car shipments to the US from Mexico are subject to a separate 25-percent tariff.<\/p>\n\n\n\n

The group handled a total of 13.07 million twenty-foot equivalent units (TEUs) of cargo last year. This was an increase of 2 percent from 12.75 million TEUs in 2023.<\/p>\n\n\n\n

With China exports to the United States hampered, Razon said the Asian manufacturing superpower could potentially look at other markets. He said this might benefit ICTSI.<\/p>\n\n\n\n

\u201cOur operations are very diverse,\u201d Razon said.<\/p>\n\n\n\n

ICTSI is present in 19 countries across three regions. Asia accounts for the bulk of its port revenues.<\/p>\n\n\n\n

This year, ICTSI will spend $580 million to expand seaport facilities here and abroad.<\/p>\n\n\n\n

(News Source: Philippine Daily Inquirer<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-332371","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=332371"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332371\/revisions"}],"predecessor-version":[{"id":332373,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332371\/revisions\/332373"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=332371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=332371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=332371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}