US trade decision amid global tensions
US President Donald Trump announced this Wednesday a 90-day pause in global tariff policy, reducing tariffs to 10% for countries that did not retaliate. However, China will face a 125% tariff for what Trump called “disrespect for world markets.” The measure seeks to reorient the commercial strategy after weeks of financial volatility.
Key exceptions and economic context
Mexico and Canada will not benefit from the reduction, maintaining 25% of exports outside the USMCA, linked to the fentanyl crisis. According to official data, more than 50% of Mexican exports under the MFN regime (253 billion USD in 2023) were already subject to this tax since March, affecting products such as tequila and household appliances.
The S&P 500 index reacted with a rise of 9.5% after the announcement, reflecting the relief of the markets. However, analysts warn that country-by-country negotiations could prolong uncertainty. Trump acknowledged that the measure responded to market pressures: “People were nervous about the stock market falls,” he admitted in statements to the press.
“The time of defrauding the US is no longer acceptable,” the president said about China, highlighting that 75% of countries had started trade dialogues. This stance contrasts with the flexibility shown towards other nations, suggesting a selective economic confrontation centered on Beijing.
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