Mexican president clarifies call with Trump did not cover tariffs

Mexico's President Claudia Sheinbaum stated she did not discuss tariffs during her call with U.S. President-elect Donald Trump. Instead, they talked about illegal migration and fentanyl trafficking, with plans for future discussions on U.S. gun flows to Mexico. Trump claimed Sheinbaum agreed to stop migration through Mexico, but she clarified that her strategy focuses on addressing migration before it reaches the U.S. border. She emphasized Mexico's goal of fostering cooperation rather than closing borders. Following the call, the Mexican peso rose about 1% against the dollar. Mexican Economy Minister Marcelo Ebrard expressed skepticism about the likelihood of U.S. tariffs, citing potential costs for both countries.