In his first minutes of his second term, Donald Trump announced radical measures against Mexico, including closing the border for illegal migrants and designating cartels as terrorist organizations. However, what shocked the most was his announcement of imposing a 25% tariff on imports from Mexico.
President Claudia Sheinbaum urged calm in light of this declaration, reminding that so far Trump had not signed any decree regarding it. She highlighted the importance of waiting for concrete actions beyond speeches.
The reaction of the Mexican peso was downward after Trump's announcement. Despite this, during his participation at the World Economic Forum in Davos, the US president acknowledged progress in negotiations with Mexico. He expressed his intention to demand respect from trade partners through the imposition of tariffs, citing Canada as an example of a trade deficit.
Before his speech in Davos, the exchange rate was 20.45 units per dollar, but later the Mexican peso appreciated, reaching 20.33 units. Janneth Quiroz, director of economic analysis at Monex, explained that this was due to decreased concerns about potential tariff measures from Trump and the upcoming decision from the Bank of Japan.
Furthermore, Trump promised to reduce corporate taxes from 21% to 15%, aiming to attract investment and job creation in the United States. Despite his tariff threats, Trump reiterated his intention to make his country the best destination for industry.
