Thomas Fellows, an economic commentator who covers tariffs, explained the effects the tariffs could potentially have on the state. Sign up for our Newsletters "The tariffs could d

Ms Sheinbaum (pictured) won praise at home and abroad for her handling of her mercurial American counterpart. Throughout the confrontation her demeanour was respectful but firm. When Mr Trump ordered tariffs on February 1st, she told her team to prepare countermeasures, but did not publicise the details.

The White House published three separate Executive Orders that imposed blanket tariffs on Canadian, Mexican and Chinese imports. The Executive Orders are all similar in scope, with each having a unique justification for imposing the associated tariffs.

Economic theory is clear on what is likely to happen to a nation when it levies tariffs on its trading partners.