Tariff Turmoil: Mexico’s Economic Challenges and Leadership Changes in Peru

Dive into the economic implications of Trump's 25% tariffs on Mexican exports, as Standard and Poor's warns of a potential recession. Explore how these tariffs could reshape Mexico's economic landscape, affecting GDP, employment, and currency value. Meanwhile, in Peru, José Salardi takes the helm as the new Minister of Economy, promising a fresh approach to tackle fiscal challenges. This episode offers a comprehensive look at the economic shifts in Latin America, highlighting the intersection of trade policies and leadership changes.

Sources:
https://www.eluniversal.com.mx/cartera/aranceles-de-25-de-trump-llevarian-a-la-economia-mexicana-a-recesion-standard-and-poors-ve-tipo-de-cambio-en-2238-pesos/
https://www.infobae.com/peru/2025/02/01/jose-salardi-juramento-como-nuevo-ministro-de-economia-reemplaza-a-jose-arista/

Outline:
(00:00:00) Introduction
(00:00:40) Trump's 25% tariffs would push Mexican economy into recession: Standard and Poor's; sees exchange rate at 22.38 pesos
(00:03:45) José Salardi sworn in as the new Minister of Economy: he replaces José Arista