11:24 AM EST, 11/07/2024 (MT Newswires) -- Procter & Gamble ( PG ) and Unilever ( UL ) are among companies in the consumer sector that may be exposed if President-elect Donald Trump proceeds with a plan to impose tariffs on Mexico, Reuters reported Thursday, quoting data it obtained from ImportYeti.

Trump proposed a 25% tariff on imports from Mexico and China unless both governments take action to curb the flow of fentanyl into the US, the report said, adding consumer companies have made investments to set up Mexican supply chain hubs for the US market.

About 10% of Procter & Gamble's ( PG ) Q3 shipments were from Mexico and about 2% of Unilever's ( UL ) sea imports into the US come from Mexico, Reuters said, quoting bill of lading data from ImportYeti.

The data doesn't include air imports or the goods firms bring into the US via road, the report added.

Procter & Gamble ( PG ) and Unilever ( UL ) didn't immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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