Reported about 14 hours ago
President Claudia Sheinbaum called for calm after Donald Trump's proposed tariffs caused the Mexican peso to fall sharply, highlighting fears of renewed trade tensions between Mexico and the U.S. Trump’s commitment to a 25% tariff on goods from Mexico if migration and drug issues aren't addressed alarmed investors, leading to a significant depreciation of the peso, the worst among emerging markets. Sheinbaum emphasized the need for level-headedness and the importance of adhering to trade agreements like the USMCA while avoiding direct confrontation with the Trump administration.
Source: YAHOO