Over 80 percent of Mexican exports to the United States will be exempt from a new round of tariffs announced by Washington, Mexican Economic Secretary Marcelo Ebrard said Thursday.

The 50% Trump Canada tariff could divert trade flows away from Latin America and sets a precedent for US levies on Brazil and Mexico.

Over 80 percent of Mexican exports to the United States will be exempt from a new round of tariffs announced by Washington, Mexican Economic Secretary Marcelo Ebrard said Thursday.