Natalie Kitroweth

So the best case for North America and specifically for the two trading partners, for Canada and Mexico, is that the tariffs that were already announced that include a lot of goods go away or at least are significantly reduced so that there is a seriously preferential treatment to these two countries while, you know, Trump does whatever he wants with the rest of the world.

So the best case for North America and specifically for the two trading partners, for Canada and Mexico, is that the tariffs that were already announced that include a lot of goods go away or at least are significantly reduced so that there is a seriously preferential treatment to these two countries while, you know, Trump does whatever he wants with the rest of the world.

So that you see a real strengthening, as we talked about, of this North American trading bloc, which would hugely benefit all three countries. And you basically keep things the way they've been, you know, free trade in the North America lives. That's the best case. The worst case is, at least in Mexico, a recession and a really damaging one.

So that you see a real strengthening, as we talked about, of this North American trading bloc, which would hugely benefit all three countries. And you basically keep things the way they've been, you know, free trade in the North America lives. That's the best case. The worst case is, at least in Mexico, a recession and a really damaging one.

I mean, we're talking about a country that depends heavily on trade with the United States. Millions of jobs depend on it. This is not something that can be easily recovered by going to other markets. And so you could really see devastation across the board. We're talking about people potentially regressing into poverty from the middle class.

I mean, we're talking about a country that depends heavily on trade with the United States. Millions of jobs depend on it. This is not something that can be easily recovered by going to other markets. And so you could really see devastation across the board. We're talking about people potentially regressing into poverty from the middle class.

That's an unfair advantage, Peter. You write a book, you get to say it.

That's an unfair advantage, Peter. You write a book, you get to say it.

Thank you.

Thank you.

It is always a pleasure, Michael.

It is always a pleasure, Michael.

It's weird being on the mic as a guest, but here we are.

It's weird being on the mic as a guest, but here we are.

I know. I was kind of wondering how you were going to handle that.

I know. I was kind of wondering how you were going to handle that.

So I'm the bureau chief here in Mexico City. And for a really long time now, I've been obsessed with the fentanyl problem. Obviously, we know that in the United States, fentanyl has just been a scourge for years. It is killing tens of thousands of Americans every year. And much of the fentanyl that ends up on the street is made in Mexico.

So I'm the bureau chief here in Mexico City. And for a really long time now, I've been obsessed with the fentanyl problem. Obviously, we know that in the United States, fentanyl has just been a scourge for years. It is killing tens of thousands of Americans every year. And much of the fentanyl that ends up on the street is made in Mexico.

Mexico is a huge producer of fentanyl, not just in the U.S., but worldwide. And so I wanted to get into that manufacturing operation. This is a synthetic opioid. It's not grown in fields like heroin, you know, cocaine. These are natural drugs. Fentanyl is made from chemicals in labs.

Mexico is a huge producer of fentanyl, not just in the U.S., but worldwide. And so I wanted to get into that manufacturing operation. This is a synthetic opioid. It's not grown in fields like heroin, you know, cocaine. These are natural drugs. Fentanyl is made from chemicals in labs.