Mexico

Texas has a $300 billion trade relationship with Mexico all on its own.

Over the weekend, President Trump announced he’d be moving forward with tariffs starting tomorrow. Then, Mexico and the U.S. struck a deal to delay those tariffs for one month as the two negotiate border security.

Prices could rise for certain goods, and the economy could tip into recession.

Even cars assembled in the U.S. often include parts from Mexico and Canada, on whose goods President Trump has promised to impose 25% tariffs.

President-elect Donald Trump has threatened 25% tariffs on Mexican goods unless more is done to stop illegal immigration and illegal drugs.

“We don’t have any inside information,” says customs broker Gretchen Blough. “So we’re just kind of holding hands with our customers.”

To learn more, “Marketplace Morning Report” host David Brancaccio spoke with Zanny Minton Beddoes, editor-in-chief of The Economist magazine.

In recent years, Mexico has become a key outpost for Chinese firms looking to expand their manufacturing centers closer to the American markets.

Whether Sheinbaum follows her predecessor’s lead or strikes a new path could have significant implications for the U.S., particularly for Texas.

President-elect Claudia Sheinbaum must grapple with a hefty budget deficit, brought about in part by spending on infrastructure and social programs.