REACTION: What’s Next for Sheinbaum’s Tariff Strategy
Amid growing uncertainty, Mexico's president addressed trade negotiations and plans for the economy in a major speech.
Mexico’s President Claudia Sheinbaum now faces several critical choices as she deals with the threat of 25% blanket tariffs from the U.S. U.S. President Donald Trump imposed the tariffs on March 4, but two days later exempted Mexican goods covered by the USMCA trade agreement—about half of Mexico's exports to the U.S. This exemption is scheduled to expire on April 2. For now, Sheinbaum has the benefit of high approval ratings and an apparently positive working relationship with Trump. But Mexico's economy was already facing headwinds, and more uncertainty lies ahead. On...
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