The United States is set to host the 2031 Women’s World Cup, David’s Bridal has unveiled a new strategy, and Mexico’s president appears to have emerged victoriously in the recent tariff developments.
President Donald Trump introduced a broad set of tariffs, commencing with a 10% baseline tariff on all imports to the United States. Additional tariffs ranging from 20% to 54% were imposed on countries labeled by Trump as the “worst offenders.” The objective of these tariffs, according to the president, is to return manufacturing jobs to the U.S., marking it as a move toward “economic independence.” However, the stock markets were significantly affected, losing $3.1 trillion in market value within a single day as major indexes declined by 6%, and recession odds climbed to 35%.
Canada and Mexico, however, largely avoided the brunt of this economic fallout. Mexico, in particular, has its President, Claudia Sheinbaum, to thank for the lack of additional tariffs. Sheinbaum had previously been dubbed “the world’s leading Trump whisperer” by The Washington Post in recognition of her successful efforts to secure two postponements of tariffs against Mexico. President Trump, known for his relationship-driven approach, has developed a respect for Sheinbaum, despite strained ties with other global leaders. In March, he cited respect for Sheinbaum as a reason for delaying the tariffs, recognizing her as a “very wonderful woman.” Sheinbaum’s negotiation skills were well-received in Mexico, witnessing a surge in her domestic approval rating to 85%.
On Thursday, Sheinbaum attributed Mexico’s limited impact from the new U.S. tariff policy to her constructive relationship with Trump. She emphasized that the rapport between the Mexican and U.S. governments is based on mutual respect. Meanwhile, Mexico’s trade minister hailed the absence of additional tariffs as a “major achievement.”
Nevertheless, Mexico remains part of the global trade network and will likely face some repercussions due to the tariffs. Some companies have already halted production in Mexico as they reevaluate their global supply strategies. In response, Sheinbaum has introduced “Plan Mexico” to bolster domestic production, mirroring U.S. strategies. Despite being in office for just six months, Sheinbaum’s navigation of Trump’s policy landscape has made her a notable figure as Mexico’s first female president.
