The President of the United States, Donald Trump, has kept the markets on edge with his tariff threats toward Mexico and Canada. Despite some uncertainty, Trump assured that if he continues with his current pace of action, it is possible that tariffs may ultimately not be imposed.
In the midst of this tension, the Mexican currency suffered a negative impact by the end of the day, showing a depreciation of 1.01%, reaching 20.72 units per dollar. Trump mentioned in an interview that he would consider making a decision that same night regarding the 25% tariffs on oil imports from Mexico and Canada.
Although February 1 was initially indicated as the deadline for making a determination, Trump suggested that his decision could be announced sooner. Various statements from the White House have generated uncertainty in the financial markets.
The U.S. president justified his stance as a measure to protect his country and stop the trafficking of illicit substances. In statements to legislators, Trump reiterated that the tariffs aim to influence the policies of Mexico and Canada.
Despite these trade tensions, the Mexican government has ruled out the possibility of a recession and predicts short-term uncertainty. Trump has yet to confirm his decision on the tariffs, creating an atmosphere of expectation and tension in international markets.
