An economic expert is claiming that Mexico is breathing a "big sigh of relief" after U.S. President Donald Trump's tariff announcement, analyzing that the country is so far managing to avoid the full wrath of the decision.
Sergio Luna, chief economist of Grupo Financiero Mifel, noted in Americas Quarterly that the country and Canada are "just" seeing 25% tariffs on imports not covered by the USMCA. That led the country's currency, the peso, to be the third-best performer versus the U.S. dollar on Wednesday after Trump's announcement.
