MEXICO CITY (AP) — Mexico celebrated Thursday having dodged the latest round of tariffs from the White House taking aim at dozens of U.S. trading partners around the world, but was also quickly reminded that in a global economy the effects of uncertainty can’t be entirely avoided.

President Trump announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, along with further "reciprocal tariffs."

Liberation Day” tariffs set to start on April 2 will drive up new home prices by several thousand dollars and curb development, builders warn.

President Donald Trump said countries, whether staunch allies or adversaries, would be subject to at least a 10% tariff.

President Donald Trump revealed his tariff plans as part of a "Liberation Day" ceremony at the White House. Uncertainty over tariffs has roiled financial markets in recent weeks.

President Donald Trump announced his gargantuan "Liberation Day" tariffs. They impose 10% tariffs on imports from almost every nation in

It comes as the president recently announced a 25% tariff on imported vehicles and some auto parts among other tariffs.

Canadian Prime Minister Mark Carney responded to President Donald Trump's tariffs with retaliatory 25% levies on all U.S. vehicles not compliant with the USMCA agreement.

Mexico's northern industrial borderlands are home to thousands of factories thanks to tax breaks and free trade agreements dating back several decades.