“Mexico’s President Claudia Sheinbaum is convinced that her country can reach a deal with the US to avoid the 25% tariff threatened by US President-elect Donald Trump, she told reporters in Mexico City,” Bloomberg reports. “The US’s No. 1 trade partner has a plan if Trump does impose tariffs but Sheinbaum — who spoke with the president-elect on the phone on Wednesday — says she’s convinced that it won’t be necessary to implement.