As markets plunged and world leaders expressed anger and dismay over Trump's tariffs, Mexico took a more measured and hopeful approach.

Mexico is celebrating having dodged the latest round of tariffs from the White House taking aim at dozens of U.S. trading partners around the world.

Mexico’s economic minister Marcelo Ebrard praised the “preferential treatment” received by Mexico after US President Donald Trump unveiled sweeping new global tariffs.

Stellantis is halting vehicle production at two assembly plants in direct response to President Trump’s newly enacted 25% auto tariffs.

According to Trump’s latest executive order, Mexico and Canada’s 25 per cent tariff on non-USMCA goods would go down to 12 per cent if the US is happy with their compliance on stopping fentanyl and halting illegal migration.

Mexico and Canada avoided fresh tariffs on Wednesday with President Donald Trump exempting the United States' top trading partners from his new 10% global tariff baseline, although previous duties remain in place.

Canada will match President Trump’s auto tariffs with 25% tariffs of its own on U.S. vehicles that are not compliant with the U.S.-Mexico-Canada trade pact, Prime Minister Mark Carney said on Thursday.

Mexican President Claudia Sheinbaum was all smiles at the start of her daily news conference Thursday, reflecting a wide sense of relief as [both Mexico and USMCA partner Canada were excluded](

As markets worldwide slump in the wake of President Donald Trump’s rollout of his “liberation day” tariffs, the exemptions that Trump made are among the things that stand out.