Sheinbaum Calls for ‘Cool Head’ as Trump Sends Peso Tumbling (1)

President Claudia Sheinbaum called for cool heads to prevail after Donald Trump’s vow to impose hefty tariffs sent the country’s currency tumbling on fears that Mexico will become a target of his administration.

On his first day in the White House, Trump renewed his pledge to slap 25% tariffs on Mexican and Canadian goods, saying he may do so as soon as Feb. 1 if the countries don’t move to clamp down on migration and drugs. He also signed a raft of orders on immigration, declared an emergency on the southern border and pledged to designate Mexican drug ...