Mexico Hopes to Avoid U.S. Tariffs

The video discusses the Federal Reserve's openness to cutting rates and the Mexican standoff, focusing on Trump's firm stance. It analyzes market reactions, particularly the peso's recovery, and the potential impact of tariffs. The discussion extends to the trade war's effects on emerging markets, with a focus on China and South Africa's economic challenges.

What are the potential risks mentioned for the peso if the Mexican story turns negative?

What overarching story is emphasized in the text regarding trade?