Before the tariffs went into effect, approval ratings for President Claudia Sheinbaum rose and companies began marketing “Made in Mexico” products.

Trump has vowed to impose 25% tariffs on all imports from Canada and Mexico, with 10% for Canadian energy. CEOs and economists say the action, covering more than $900 billion worth of annual U.S. imports from its southern and northern neighbors would deal a serious setback to the highly integrated North American economy.

Only a couple years ago, manufacturers were fighting for space to relocate their operations to Monterrey, an industrial city in Mexico’s northeast, as they sought to move closer to the US and its vast consumer market.

Follow for live updates after President Trump’s tariffs on goods from Canada, Mexico and China went into effect, and for reaction from world leaders, companies and markets.

Mexico's peso fell for a fourth straight day and was close to its lowest level since mid-2022 on Tuesday after U.S. President Donald Trump's new 25% tariffs on imports from the United States' southern neighbour took effect.