US Imposes Tariffs on Mexican and Canadian Imports

The US has implemented executive orders imposing 25% tariffs on imports from Mexico and most Canadian goods, triggering a trade war and market turbulence. The Mexican peso has plummeted over 2%, reaching a three-year low against the dollar.


US Imposes Tariffs on Mexican and Canadian Imports

As a result of the introduction of tariffs on imports imposed by the United States, Mexican corn fell more than 2% to three-year minimum against the dollar on Monday. The stated tariffs constitute 25% on almost all Mexican imported products, as well as additional 10% on goods from China, starting from secondary products. Additionally, the Canadian dollar fell to a 22-year minimum and stood at 1.4792 against the dollar after the introduction of U.S. tariffs on imports from Mexico and Canada, which led to a trade war escalation and shook financial markets. **As reported, the President of Mexico Claudia Sheinbaum indicated the introduction of tariffs.**