Eyder Peralta

Thank you, Scott.

Thank you, Scott.

Hey, Asma.

Hey, Asma.

Hey, Asma.

You know, Mexico's president, Claudio Sheinbaum, has always said that Mexico's response will be cool-headed. So this morning, the president came out for her morning briefing. You know, she basically said, everyone, stay calm. We're not going to enact retaliatory tariffs, unlike Canada.

You know, Mexico's president, Claudio Sheinbaum, has always said that Mexico's response will be cool-headed. So this morning, the president came out for her morning briefing. You know, she basically said, everyone, stay calm. We're not going to enact retaliatory tariffs, unlike Canada.

You know, Mexico's president, Claudio Sheinbaum, has always said that Mexico's response will be cool-headed. So this morning, the president came out for her morning briefing. You know, she basically said, everyone, stay calm. We're not going to enact retaliatory tariffs, unlike Canada.

And, you know, basically, she said these tariffs on aluminum and steel are not a reality, they go into effect in March. And she said, we're going to talk, she got her economy minister out. And he said, look, these economies are too interwined. And so we have to find common sense. And he said,

And, you know, basically, she said these tariffs on aluminum and steel are not a reality, they go into effect in March. And she said, we're going to talk, she got her economy minister out. And he said, look, these economies are too interwined. And so we have to find common sense. And he said,

And, you know, basically, she said these tariffs on aluminum and steel are not a reality, they go into effect in March. And she said, we're going to talk, she got her economy minister out. And he said, look, these economies are too interwined. And so we have to find common sense. And he said,

that Mexico is going to wait for Trump's cabinet to get settled and that they just want to have phone conversations. And what the economy minister said is, we're going to explain to Trump just how complicated and impossible this would be for him. And he gave a really interesting example. He said, take a look at pistons, the pistons that go in cars.

that Mexico is going to wait for Trump's cabinet to get settled and that they just want to have phone conversations. And what the economy minister said is, we're going to explain to Trump just how complicated and impossible this would be for him. And he gave a really interesting example. He said, take a look at pistons, the pistons that go in cars.

that Mexico is going to wait for Trump's cabinet to get settled and that they just want to have phone conversations. And what the economy minister said is, we're going to explain to Trump just how complicated and impossible this would be for him. And he gave a really interesting example. He said, take a look at pistons, the pistons that go in cars.

For a car that is made in Michigan, those pistons would be made with US aluminum. But then that same piston goes into Canada and then to Mexico and then back into the US. Sometimes, he said, that piston can cross borders up to eight times. And so they're like, so what are we going to do? Are we going to put tariffs on this piston eight times? What would that do to car prices?

For a car that is made in Michigan, those pistons would be made with US aluminum. But then that same piston goes into Canada and then to Mexico and then back into the US. Sometimes, he said, that piston can cross borders up to eight times. And so they're like, so what are we going to do? Are we going to put tariffs on this piston eight times? What would that do to car prices?

For a car that is made in Michigan, those pistons would be made with US aluminum. But then that same piston goes into Canada and then to Mexico and then back into the US. Sometimes, he said, that piston can cross borders up to eight times. And so they're like, so what are we going to do? Are we going to put tariffs on this piston eight times? What would that do to car prices?

What would that do to American consumers? And so I think the bet here in Mexico has been to hope that these economies are so integrated that Trump will eventually back down from tariffs once he thinks about the consequences of them.

What would that do to American consumers? And so I think the bet here in Mexico has been to hope that these economies are so integrated that Trump will eventually back down from tariffs once he thinks about the consequences of them.

What would that do to American consumers? And so I think the bet here in Mexico has been to hope that these economies are so integrated that Trump will eventually back down from tariffs once he thinks about the consequences of them.