Marcelo Ebrard, the Economy Secretary of Mexico, recently addressed the implications of the new 10% global tariff imposed by U.S. President Donald Trump. In a radio interview, he assured that Mexico's economic stance would benefit from this announcement, as it would lead to a decrease in tariffs on Mexican exports. Previously, certain exports faced tariffs as high as 25 to 27 percent, which will now be cut to 15 percent, thus improving Mexico's trade position relative to the United States.

Ebrard emphasized that approximately 85 percent of Mexican exports are unaffected by tariffs due to the provisions of the United States-Mexico-Canada Agreement (USMCA, or T-MEC in Spanish). This agreement offers a framework that shields a significant portion of their exports, ensuring smoother trade flows. He reassured the public that under the new tariff scheme, Mexico's average effective tariff would decrease, which bodes well for the country's export economy.

This announcement from Ebrard follows a lengthy Friday marked by significant decisions from the U.S. Supreme Court, pointing to a turbulent trade environment. His optimistic take on the situation hints at an ongoing negotiation dynamic between Mexico and the U.S., suggesting that even amidst rising tensions and tariff impositions, Mexico might navigate these challenges effectively, enhancing its trade relations moving forward.