Mexico just locked in new tariffs targeting Asian goods—lawmakers gave the green light, and it's pretty clear they're riding the same wave as Washington's push to wall off trade with China. President Sheinbaum's betting this move shields domestic manufacturers, but here's the thing: when major economies start throwing up barriers, ripple effects hit everywhere. Trade wars don't stay regional—they mess with supply chains, currency flows, and risk appetite across markets. Worth watching how this plays into broader economic shifts, especially as protectionist policies gain momentum globally.