Part 3/10:
The significance of this decision is not lost on Canada and Mexico, both of which have indicated their readiness to retaliate. Analysts frequently caution that the tariffs could severely impact Mexico—Latin America’s second-largest economy—particularly given the reliance of many Mexicans on jobs associated with the manufacturing sector near the U.S. border. Factories in Mexico, often called maquiladoras, rely on efficient trade with the U.S. market, and Trump’s tariffs threaten their viability.