Sheinbaum said that, during a “long” conversation with Trump, they agreed that the U.S. will delay imposing 25% tariffs on goods from Mexico for a month.
Many market participants doubt that precious metals will be included in any tariffs, but that has not stopped traders from seeking to close out their exposure.
Ashley Craig, chair of the International Trade and Logistics group of Venable LLP, reviews key aspects of the second Trump administration’s trade policy, including tariffs, sanctions and forced-labor bans.