Mexico’s economic minister Marcelo Ebrard praised the “preferential treatment” received by Mexico after US President Donald Trump unveiled sweeping new global tariffs.

As markets plunged and world leaders expressed anger and dismay over Trump's tariffs, Mexico took a more measured and hopeful approach.

Mexico plans to continue negotiations with the US on steel and auto tariffs even as President Claudia Sheinbaum’s government celebrates its preferential treatment compared to other nations slammed by US President Donald Trump’s new duties.

Germany's Volkswagen, Mercedes-Benz Group and BMW were all trading around 2% lower at 11:45 a.m. London time (6:45 a.m. ET), while Milan-listed Stellantis dipped 1%. Shares of Sweden's Volvo Cars, however, tumbled more than 10%.

México planea continuar las negociaciones con Estados Unidos sobre los aranceles al acero y a los automóviles, incluso cuando el gobierno de la presidenta Claudia Sheinbaum celebra su trato preferencial frente a otras naciones tras el anuncio del presidente Donald Trump.

As the United States prepares to welcome the world for FIFA’s Club World Cup this June, golf’s Ryder Cup in September, the World Cup next year and the Los Angeles Olympics in 2028, the question become