“Today, Mexico has a preferential treaty,” Sheinbaum’s economy minister Marcelo Ebrard said Thursday, pointing gleefully to a map illustrating the effects of Trump’s liberation day speech, showing the entire world painted red except Mexico and Canada.

Trump has repeatedly called April 2 "Liberation Day." He is expected to enact reciprocal tariffs on major trading partners, especially those that contribute the most to the $1.2 trillion U.S. trade deficit.

An economics expert claims that Mexico is breathing a "big sigh of relief" as the country is set to be less impacted than others by Trump's tariffs