Mexico dodges latest US tariffs but faces challenges in global trade
- President Trump announced new tariffs on Wednesday, but excluded Mexico and Canada.
- The White House stated the tariffs are needed for border security reasons.
- The tariffs include 20% on European Union goods; pre-existing 25% tariffs on some Mexican and Canadian goods remain.
- Chris Tang noted USMCA compliant products remain tariff-free.
- Uncertainty surrounds trade policies, though Mexico and Canada may gain an advantage if USMCA requirements are met.
127 Articles
127 Articles
One country spared from Trump’s reciprocal tariffs: Mexico—but it’s still fighting other fees
Mexico celebrated Thursday having dodged the latest round of tariffs from the White House taking aim at dozens of U.S. trading partners around the world, but was also quickly reminded that in a global economy the effects of uncertainty can’t be entirely avoided. President Claudia Sheinbaum said the free-trade agreement signed by Mexico, Canada and the U.S. during Trump’s first administration had shielded Mexico. Now her government will focus on …
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