Can Mexico make hay after avoiding the reciprocal-tariff tantrum?
It may struggle to do so
WhILE the tariffs announced on April 2nd were met with panic and consternation around the world, Mexico celebrated. Along with Canada, it was exempted from sweeping “reciprocal” tariffs imposed by the United States. President Claudia Sheinbaum hailed the escape as “good for the country”. The Mexican peso rose, as did the country’s stockmarket.
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This article appeared in the The Americas section of the print edition under the headline “The neighbour less beggared”
From the April 12th 2025 edition
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Brazil’s president is losing clout abroad and unpopular at home
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Brazil’s president is losing clout abroad and unpopular at home
Luiz Inácio Lula da Silva put Brazil on the map, but he hasn’t adapted to a changed world