Marketplace All-in-One The year tariffs upended global trade
Dec 26, 2025
Will Grant, a BBC correspondent focused on U.S.-Mexico trade, shares how Mexico navigated tomato duties while avoiding harsher tariffs. Surinjana Tiwari highlights U.S.-China trade dynamics and how Asia is reshaping supply chains in response. William Lee Adams discusses the impact of the U.S. ending the exemption for low-value parcels, detailing the hit to small businesses around the world and the logistics shifts that have ensued, including a surge in larger shipping complexities, which has turned out to be a double-edged sword.
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Tariffs Reshaped Global Trade In 2025
- Tariffs dominated global headlines in 2025 and reshaped trade relationships worldwide.
- Countries are navigating new tensions and targeted measures rather than a single global shock.
Mexico's Trade Gains Come With Local Costs
- Will Grant reports Mexico largely avoided the worst tariffs by cooperating on issues like fentanyl control.
- Local effects remain, such as a 17% anti-dumping tariff on tomatoes and disputes over water sharing.
Asia-Pacific Balances Between US And China
- Asia-Pacific countries balanced ties with Beijing and Washington while protecting their own markets.
- Firms shifted supply chains and sought new markets, accelerating China-plus-one strategies.