Mexico has celebrated having dodged the latest round of tariffs from the White House taking aim at dozens of US trading partners around the world, but has also been quickly reminded that in a global economy the effects of uncertainty can't be entirely avoided.
President Claudia Sheinbaum said overnight that the free-trade agreement signed by Mexico, Canada and the US during Trump's first administration had shielded Mexico.
Now her government will focus on the existing 25 per cent US tariffs on imported autos, steel and aluminium, while accelerating domestic production to safeguard jobs and reduce imports.
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