Reported about 5 hours ago
Mexico's peso has dropped for four consecutive days, nearing its lowest point since mid-2022, following President Trump's implementation of a 25% tariff on imports from Mexico. With around 80% of Mexico's exports going to the U.S., the peso weakened almost 1% to 20.85 per dollar. Economic forecasts have been adjusted, predicting a mere 0.81% growth for the year, highlighting concerns that prolonged tariffs could push Mexico into recession.
Source: YAHOO