Marketplace Morning Report The year tariffs upended global trade
Dec 26, 2025
Will Grant, a BBC correspondent, offers insightful perspectives on Mexico's trade dynamics with the U.S., addressing issues like tomato tariffs and water-sharing conflicts. Surinjana Tiwari sheds light on how countries in the Asia-Pacific region navigate complex relationships with China amid shifting supply chains. William Lee Adams delves into the impact of losing the de minimis exemption on international sellers and U.S. consumers, highlighting real stories from small businesses grappling with increased costs and logistics challenges.
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Tariffs Redefined Global Trade In 2025
- Tariffs dominated global headlines in 2025 and reshaped trade relationships worldwide.
- Countries are navigating complex political and economic consequences as tariffs alter trade dynamics.
Local Market Strains In Mexico
- Will Grant describes local effects in Mexico like a 17% tomato anti-dumping tariff and water disputes tied to US threats.
- These examples show tariffs and political pressure have tangible impacts on everyday Mexican markets.
Asia Seeks Balance And Diversification
- Asia-Pacific countries balanced ties with Beijing and Washington while protecting domestic markets.
- Many firms consider 'China plus one' diversification and seek more reliable partners in Latin America and the Middle East.