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Weekly Report - 03 April 2025 (WR-25-13)
MEXICO: Sheinbaum ducks more tariffs
Mexico’s government led by President Claudia Sheinbaum avoided the “reciprocal” tariffs announced by US President Donald Trump on 2 April, impacting imports from over 180 countries. While the exemption will no doubt bring some relief to the Sheinbaum administration, Mexico was hit by 25% tariffs on US imports of automobiles and auto parts, which came into effect on 3 April, as well as existing tariffs on steel and aluminium imports and goods that are not compliant with the US-Mexico-Canada Agreement (USMCA). Sheinbaum has made it clear that she will not implement retaliatory duties on the US, preferring to focus on boosting Mexican industry and continuing negotiations with her northern neighbour.
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- CHILE: Boric creates new ministry to tackle insecurity
- BRAZIL: Bolsonarismo struggles to win over centre-right allies
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- TRACKING TRENDS
- MEXICO: Sheinbaum ducks more tariffs
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- HAITI: Armed gangs spread beyond capital
- DOMINICAN REPUBLIC: Growing tension with Haiti
- EL SALVADOR: Getting close to Trump
- Argentina receives boost from Bretton Woods twins
- Quotes of the week