Mexico’s President Sheinbaum welcomes being left off Trump’s import tariffs list

President Claudia Sheinbaum of Mexico, the United States’ top trading partner, on Thursday welcomed her country’s exclusion from the list of nations targeted in US President’s Donald Trump’s latest round of import tariffs.

Mexico’s economy is considered one of the most vulnerable to Trump’s tariffs due to its close trade relations with the United States and their joint membership of the US-Mexico-Canada Agreement (USMCA) on free trade.

The Latin American nation is home to many foreign-owned vehicle assembly plants operated by companies including Ford, General Motors, BMW, Volkswagen and Toyota.

The move prompted multinational car company Stellantis, which has plants in the Mexican cities of Toluca and Saltillo, to announce on Thursday it was pausing production in Mexico, where it makes Dodge cars and Ram trucks.