Mexico’s peso falls after Trump announces tariffs on Colombian goods

01/26/2025

Less than a minute

2025.01.26 18:56

MEXICO CITY (Reuters) – The Mexican peso depreciated in international trade after U.S President Donald Trump announced he would impose tariffs on Colombia, reviving concerns about his trade policy.

© Reuters. FILE PHOTO: Bundles of Mexican Peso banknotes are pictured at a currency exchange shop in Ciudad Juarez, Mexico January 15, 2018. REUTERS/Jose Luis Gonzalez/File photo

The currency, one of the most liquid currencies globally, was trading at 20.4630 units per dollar, down 1% compared to the London Stock Exchange Group (LON:) reference price on Friday.

Tariffs on the South American country are part of a series of actions announced by the U.S. president in retaliation for Bogota’s decision to reject two military planes carrying deported migrants.

01/26/2025

Less than a minute

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