As markets plunged and world leaders expressed anger and dismay over Trump's tariffs, Mexico took a more measured and hopeful approach.
Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a global trade war — all while on-again, off-again new levies further escalate uncertainty.
Mexico’s exclusion from reciprocal tariffs shows the benefits of President Claudia Sheinbaum’s non-confrontational approach with President Trump, said Kenneth Smith-Ramos, a trade consultant who led the Mexican government’s team during negotiations for the USMCA trade deal signed by Trump in 2018.
Goods imported from dozens of countries and territories are now going to be taxed at sharply higher rates, and that is expected to drive up the costs of everything from cars to clothes to computers.
As President Trump pushes his massive global tariffs into effect, America’s former trading partners are designing their own, retaliatory tariffs, that are sure to have a walloping effect on Americans’ pocketbooks.
The U.S. and Canada should negotiate a trade deal without Mexico as they reconfigure their trading relationship, said Doug Ford, the leader of Ontario, Canada’s most populous province. Ford has advocated for forging a bilateral agreement with the U.
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The Senate vote came after Trump implemented 10% across-the-board tariffs on imports and additional reciprocal tariffs on goods from 60 countries.