IBOV 173,768.17 ▼ 0.03% IPSA 10,913.99 ▼ 0.31% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,187,056 ▲ 0.06% COLCAP 2,287.57 ▲ 0.11% BVL PERÚ 57,220.16 — — USD/BRL5.11▲ 0.18% USD/MXN17.53▲ 0.62% USD/CLP933.17▲ 0.88% USD/COP3,251▲ 0.61% USD/PEN3.40▲ 0.44% USD/ARS1,478▲ 0.17% USD/UYU40.23▲ 1.74% USD/PYG6,032▲ 1.81% USD/BOB10.65▲ 4.37% USD/DOP58.24▲ 1.37% USD/CRC446.12▲ 1.44% USD/GTQ7.62▲ 2.73% USD/HNL26.73▲ 1.94% USD/NIO36.62▲ 1.17% USD/VES730.65▲ 0.57% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.62▲ 0.89% USD/TTD6.74▲ 1.70% EUR/BRL5.84▲ 0.15% BRENT 87.74 ▲ 4.17% WTI 81.47 ▲ 3.19% IRON ORE 161.91 — — COPPER 6.27 ▼ 0.48% GOLD 4,016 ▲ 0.75% SILVER 56.37 ▲ 0.84% SOY 1,203 ▲ 0.63% CORN 468.25 ▲ 6.06% WHEAT 684.75 ▲ 1.48% COFFEE 321.10 ▼ 0.06% SUGAR 14.82 ▲ 2.63% ORANGE JUICE 139.35 ▲ 4.15% COTTON 78.93 ▲ 1.60% COCOA 5,610 ▲ 7.55% BEEF 220.63 ▼ 2.84% CATTLE 339.08 ▼ 2.17% LITHIUM 68.37 ▼ 0.71% PETR4 40.82 ▲ 2.33% VALE3 72.64 ▼ 0.47% ITUB4 41.91 ▼ 1.50% BBDC4 18.24 ▼ 0.92% ABEV3 15.54 ▼ 0.38% BBAS3 20.32 ▼ 2.12% B3SA3 15.23 ▼ 1.04% WEGE3 43.45 ▼ 0.09% PRIO3 57.71 ▲ 1.62% SUZB3 41.90 ▲ 0.48% RENT3 38.04 ▼ 2.11% AZZA3 18.38 ▼ 0.81% CSAN3 3.87 ▼ 0.26% RAIZ4 0.27 ▼ 6.90% PCAR3 2.55 ▼ 1.54% GMAT3 3.89 ▼ 0.77% PSSA3 54.97 ▼ 0.45% CVCB3 1.24 ▼ 8.15% POSI3 3.77 ▼ 2.84% SLCE3 13.50 ▼ 0.81% NATU3 8.54 ▼ 0.23% BRKM5 6.22 ▲ 1.97% RANI3 7.95 ▼ 1.61% CSNA3 5.05 ▼ 0.98% CMIN3 5.31 ▼ 2.57% USIM5 8.23 ▲ 4.18% GGBR4 24.01 ▲ 0.42% ENEV3 25.81 ▼ 0.54% CPFE3 47.15 ▼ 0.08% CMIG4 11.18 ▲ 0.81% EQTL3 39.50 ▼ 0.88% LREN3 13.26 ▼ 2.86% VIVT3 35.66 ▲ 0.54% RAIL3 13.73 ▼ 1.44% KLABIN 17.54 ▲ 1.04% RAIA DROGASIL 18.42 ▼ 0.54% RDOR3 35.67 ▼ 0.56% HAPV3 11.36 ▲ 3.74% FLRY3 16.62 ▲ 1.22% SMTO3 15.43 ▼ 1.84% UGPA3 32.12 ▲ 0.41% VBBR3 34.72 ▲ 1.02% BBSE3 40.86 ▼ 0.78% BPAC11 56.12 ▼ 0.83% CURY3 30.64 ▼ 2.08% AERI3 2.03 ▲ 0.50% VIVARA 22.54 ▼ 3.47% COMPASS 24.85 ▼ 0.24% VAMOS 3.20 ▲ 1.27% SANB11 26.69 ▼ 0.52% ASAI3 8.42 ▼ 1.64% SBSP3 29.27 ▼ 0.10% WALMEX 49.50 ▼ 0.12% GMEXICO 199.83 ▲ 0.30% FEMSA 224.02 ▼ 0.46% CEMEX 22.69 ▼ 0.40% GFNORTE 180.50 ▲ 0.06% BIMBO 58.00 ▲ 0.14% TELEVISA 9.60 ▲ 0.95% AMX 23.19 ▲ 1.80% GAP 387.82 ▼ 1.01% ASUR 279.50 ▼ 0.51% OMA 230.51 ▼ 1.11% KOF 180.21 ▲ 0.70% GRUMA 286.76 ▲ 0.14% KIMBER 38.54 ▼ 0.62% SQM-B 65,004 ▼ 1.58% COPEC 6,215 ▲ 1.45% BSANTANDER 77.38 ▼ 1.00% FALABELLA 5,885 ▲ 0.54% ENELAM 84.61 ▼ 0.22% CENCOSUD 2,002 ▼ 0.15% CMPC 1,075 ▲ 0.07% BANCO CHILE 188.13 ▼ 0.40% LATAM AIR 24.85 ▼ 2.17% YPF 77,600 ▲ 2.00% GGAL 7,815 ▼ 0.64% PAMPA 5,175 ▲ 1.27% TXAR 664.00 ▲ 0.30% ALUAR 948.00 ▲ 0.85% TGS 9,345 ▼ 0.43% CEPU 2,256 ▼ 0.18% MIRGOR 16,675 ▼ 0.45% COME 43.86 ▼ 1.35% LOMA NEGRA 3,518 ▼ 1.12% BYMA 299.00 ▼ 0.83% TELECOM ARG 4,155 ▼ 0.60% ECOPETROL 15.98 ▲ 1.14% BANCOLOMBIA 79.94 ▲ 0.59% GRUPO AVAL 4.97 — 0.00% CREDICORP 391.05 ▲ 0.93% SOUTHERN COPPER 172.33 ▼ 1.90% BUENAVENTURA 30.17 — 0.00% MERCADOLIBRE 1,817 ▼ 2.18% NUBANK 13.62 ▼ 1.27% XP 16.72 ▲ 0.24% PAGSEGURO 9.07 ▼ 0.93% STONE 11.09 ▼ 1.03% GLOBANT 32.63 ▲ 1.34% TECNOGLASS 45.58 ▼ 2.67% GAP AIRPORT 221.15 ▼ 1.83% ASUR 279.50 ▼ 0.51% OMA AIRPORT 105.18 ▼ 1.89% AMX ADR 26.40 ▲ 1.01% FEMSA ADR 127.77 ▼ 1.33% CEMEX ADR 12.94 ▼ 1.22% PETROBRAS ADR 17.89 ▲ 2.38% VALE ADR 14.19 ▼ 0.21% ITAU ADR 8.20 ▼ 1.27% SANTANDER BR 5.24 ▼ 1.04% AMBEV ADR 3.02 ▼ 1.15% CSN 0.99 ▼ 0.73% GERDAU 4.72 — 0.00% LATAM ADR 52.73 ▼ 0.85% BTC 64,204 ▲ 0.65% ETH 1,845 ▼ 0.97% SOL 75.26 ▼ 0.02% XRP 1.09 ▲ 0.51% BNB 566.47 ▼ 1.00% ADA 0.17 ▲ 3.38% DOGE 0.07 ▲ 0.51% AVAX 6.60 ▲ 1.44% LINK 8.24 ▼ 1.08% DOT 0.86 ▲ 0.03% LTC 45.00 ▲ 0.13% BCH 220.10 ▼ 0.68% TRX 0.32 ▼ 0.05% XLM 0.19 ▲ 1.08% HBAR 0.07 ▼ 0.40% NEAR 1.93 ▼ 1.96% ATOM 1.52 ▲ 0.88% AAVE 90.75 ▼ 0.42% SELIC 14.25% EMBRAER 82.05 ▲ 0.34% EMBRAER ADR 64.22 ▼ 0.23% JBS 11.80 ▼ 1.91% JBS BDR 60.19 ▼ 2.13% MBRF3 14.89 ▼ 2.62% MBRFY 2.89 ▼ 1.37% INTER 5.37 ▼ 3.16% IBOV 173,768.17 ▼ 0.03% IPSA 10,913.99 ▼ 0.31% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,187,056 ▲ 0.06% COLCAP 2,287.57 ▲ 0.11% BVL PERÚ 57,220.16 — — USD/BRL 5.11 ▲ 0.18% USD/MXN 17.53 ▲ 0.62% USD/CLP 933.17 ▲ 0.88% USD/COP 3,251 ▲ 0.61% USD/PEN 3.40 ▲ 0.44% USD/ARS 1,478 ▲ 0.17% USD/UYU 40.23 ▲ 1.74% USD/PYG 6,032 ▲ 1.81% USD/BOB 10.65 ▲ 4.37% USD/DOP 58.24 ▲ 1.37% USD/CRC 446.12 ▲ 1.44% USD/GTQ 7.62 ▲ 2.73% USD/HNL 26.73 ▲ 1.94% USD/NIO 36.62 ▲ 1.17% USD/VES 730.65 ▲ 0.57% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.62 ▲ 0.89% USD/TTD 6.74 ▲ 1.70% EUR/BRL 5.84 ▲ 0.15% BRENT 87.74 ▲ 4.17% WTI 81.47 ▲ 3.19% IRON ORE 161.91 — — COPPER 6.27 ▼ 0.48% GOLD 4,016 ▲ 0.75% SILVER 56.37 ▲ 0.84% SOY 1,203 ▲ 0.63% CORN 468.25 ▲ 6.06% WHEAT 684.75 ▲ 1.48% COFFEE 321.10 ▼ 0.06% SUGAR 14.82 ▲ 2.63% ORANGE JUICE 139.35 ▲ 4.15% COTTON 78.93 ▲ 1.60% COCOA 5,610 ▲ 7.55% BEEF 220.63 ▼ 2.84% CATTLE 339.08 ▼ 2.17% LITHIUM 68.37 ▼ 0.71% PETR4 40.82 ▲ 2.33% VALE3 72.64 ▼ 0.47% ITUB4 41.91 ▼ 1.50% BBDC4 18.24 ▼ 0.92% ABEV3 15.54 ▼ 0.38% BBAS3 20.32 ▼ 2.12% B3SA3 15.23 ▼ 1.04% WEGE3 43.45 ▼ 0.09% PRIO3 57.71 ▲ 1.62% SUZB3 41.90 ▲ 0.48% RENT3 38.04 ▼ 2.11% AZZA3 18.38 ▼ 0.81% CSAN3 3.87 ▼ 0.26% RAIZ4 0.27 ▼ 6.90% PCAR3 2.55 ▼ 1.54% GMAT3 3.89 ▼ 0.77% PSSA3 54.97 ▼ 0.45% CVCB3 1.24 ▼ 8.15% POSI3 3.77 ▼ 2.84% SLCE3 13.50 ▼ 0.81% NATU3 8.54 ▼ 0.23% BRKM5 6.22 ▲ 1.97% RANI3 7.95 ▼ 1.61% CSNA3 5.05 ▼ 0.98% CMIN3 5.31 ▼ 2.57% USIM5 8.23 ▲ 4.18% GGBR4 24.01 ▲ 0.42% ENEV3 25.81 ▼ 0.54% CPFE3 47.15 ▼ 0.08% CMIG4 11.18 ▲ 0.81% EQTL3 39.50 ▼ 0.88% LREN3 13.26 ▼ 2.86% VIVT3 35.66 ▲ 0.54% RAIL3 13.73 ▼ 1.44% KLABIN 17.54 ▲ 1.04% RAIA DROGASIL 18.42 ▼ 0.54% RDOR3 35.67 ▼ 0.56% HAPV3 11.36 ▲ 3.74% FLRY3 16.62 ▲ 1.22% SMTO3 15.43 ▼ 1.84% UGPA3 32.12 ▲ 0.41% VBBR3 34.72 ▲ 1.02% BBSE3 40.86 ▼ 0.78% BPAC11 56.12 ▼ 0.83% CURY3 30.64 ▼ 2.08% AERI3 2.03 ▲ 0.50% VIVARA 22.54 ▼ 3.47% COMPASS 24.85 ▼ 0.24% VAMOS 3.20 ▲ 1.27% SANB11 26.69 ▼ 0.52% ASAI3 8.42 ▼ 1.64% SBSP3 29.27 ▼ 0.10% WALMEX 49.50 ▼ 0.12% GMEXICO 199.83 ▲ 0.30% FEMSA 224.02 ▼ 0.46% CEMEX 22.69 ▼ 0.40% GFNORTE 180.50 ▲ 0.06% BIMBO 58.00 ▲ 0.14% TELEVISA 9.60 ▲ 0.95% AMX 23.19 ▲ 1.80% GAP 387.82 ▼ 1.01% ASUR 279.50 ▼ 0.51% OMA 230.51 ▼ 1.11% KOF 180.21 ▲ 0.70% GRUMA 286.76 ▲ 0.14% KIMBER 38.54 ▼ 0.62% SQM-B 65,004 ▼ 1.58% COPEC 6,215 ▲ 1.45% BSANTANDER 77.38 ▼ 1.00% FALABELLA 5,885 ▲ 0.54% ENELAM 84.61 ▼ 0.22% CENCOSUD 2,002 ▼ 0.15% CMPC 1,075 ▲ 0.07% BANCO CHILE 188.13 ▼ 0.40% LATAM AIR 24.85 ▼ 2.17% YPF 77,600 ▲ 2.00% GGAL 7,815 ▼ 0.64% PAMPA 5,175 ▲ 1.27% TXAR 664.00 ▲ 0.30% ALUAR 948.00 ▲ 0.85% TGS 9,345 ▼ 0.43% CEPU 2,256 ▼ 0.18% MIRGOR 16,675 ▼ 0.45% COME 43.86 ▼ 1.35% LOMA NEGRA 3,518 ▼ 1.12% BYMA 299.00 ▼ 0.83% TELECOM ARG 4,155 ▼ 0.60% ECOPETROL 15.98 ▲ 1.14% BANCOLOMBIA 79.94 ▲ 0.59% GRUPO AVAL 4.97 — 0.00% CREDICORP 391.05 ▲ 0.93% SOUTHERN COPPER 172.33 ▼ 1.90% BUENAVENTURA 30.17 — 0.00% MERCADOLIBRE 1,817 ▼ 2.18% NUBANK 13.62 ▼ 1.27% XP 16.72 ▲ 0.24% PAGSEGURO 9.07 ▼ 0.93% STONE 11.09 ▼ 1.03% GLOBANT 32.63 ▲ 1.34% TECNOGLASS 45.58 ▼ 2.67% GAP AIRPORT 221.15 ▼ 1.83% ASUR 279.50 ▼ 0.51% OMA AIRPORT 105.18 ▼ 1.89% AMX ADR 26.40 ▲ 1.01% FEMSA ADR 127.77 ▼ 1.33% CEMEX ADR 12.94 ▼ 1.22% PETROBRAS ADR 17.89 ▲ 2.38% VALE ADR 14.19 ▼ 0.21% ITAU ADR 8.20 ▼ 1.27% SANTANDER BR 5.24 ▼ 1.04% AMBEV ADR 3.02 ▼ 1.15% CSN 0.99 ▼ 0.73% GERDAU 4.72 — 0.00% LATAM ADR 52.73 ▼ 0.85% BTC 64,204 ▲ 0.65% ETH 1,845 ▼ 0.97% SOL 75.26 ▼ 0.02% XRP 1.09 ▲ 0.51% BNB 566.47 ▼ 1.00% ADA 0.17 ▲ 3.38% DOGE 0.07 ▲ 0.51% AVAX 6.60 ▲ 1.44% LINK 8.24 ▼ 1.08% DOT 0.86 ▲ 0.03% LTC 45.00 ▲ 0.13% BCH 220.10 ▼ 0.68% TRX 0.32 ▼ 0.05% XLM 0.19 ▲ 1.08% HBAR 0.07 ▼ 0.40% NEAR 1.93 ▼ 1.96% ATOM 1.52 ▲ 0.88% AAVE 90.75 ▼ 0.42% SELIC 14.25% EMBRAER 82.05 ▲ 0.34% EMBRAER ADR 64.22 ▼ 0.23% JBS 11.80 ▼ 1.91% JBS BDR 60.19 ▼ 2.13% MBRF3 14.89 ▼ 2.62% MBRFY 2.89 ▼ 1.37% INTER 5.37 ▼ 3.16%
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U.S. Commerce Secretary Praises UK and Mexico While Warning Retaliatory Trade Partners

By · March 13, 2025 · 2 min read

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U.S. Secretary of Commerce Howard Lutnick praised the United Kingdom and Mexico for their restraint in responding to American tariffs. He simultaneously criticized other trading partners who chose to implement retaliatory measures against recent U.S. protectionist policies.

“If you make him unhappy, he responds unhappily,” Lutnick explained regarding President Trump’s decision to impose 200% tariffs on European Union alcoholic products. This move directly countered the EU’s retaliation against new American steel and aluminum tariffs.

Lutnick emphasized that Trump aims to eliminate barriers blocking American products abroad. The President also seeks to strengthen manufacturing capabilities in industries critical to national security.

“The British didn’t respond, the Mexicans didn’t respond. Some countries really carefully analyze how they do business with us,” Lutnick stated. He contrasted this approach with nations that resort to traditional “eye for an eye” measures.

Countries understanding Trump’s motives will receive preferential treatment, according to Lutnick. Those who don’t risk facing the President’s “strength and power” in response.

U.S. Commerce Secretary Praises UK and Mexico While Warning Retaliatory Trade Partners
U.S. Commerce Secretary Praises UK and Mexico While Warning Retaliatory Trade Partners. (Photo Internet reproduction)
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The Commerce Secretary specifically targeted Canada, suggesting their retaliatory measures stemmed from domestic political considerations. “You think this is about a trade war? This is their way of getting electoral votes,” Lutnick declared, referencing Canada’s upcoming elections.

Lutnick’s comments highlight the administration’s strategy of rewarding cooperative trade partners while punishing those who challenge U.S. policies. The UK and Mexico demonstrate the diplomatic approach Trump’s team seeks from international partners.

The administration continues to leverage tariffs as negotiating tools, creating distinct categories of allies based on their responses. Countries now face clear choices about how they engage with American trade policies.

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