The peso continues to strengthen against the dollar after United States President Donald Trump announced the suspension of the 25 percent tariffs on Mexico at least until the next April 2. This decision was made as a sign of adaptation and respect for President Claudia Sheinbaum, after reaching agreements with her during a call. In the morning conference, Sheinbaum presented the arguments given to Trump regarding the demands raised to avoid the imposition of tariffs.
During the call, Sheinbaum highlighted the results in terms of security, noting a decrease in the crossing of fentanyl from Mexico to the United States. A graph showing fentanyl seizures at the U.S. border was presented, evidencing a decline in this type of operations. The president confirmed the pause in the tariffs until April 2, when they will be reviewed for a possible reciprocal imposition.
In response, Trump communicated through Truth Social that the decision to pause the tariffs on Mexico was made as a sign of respect for Sheinbaum and for bilateral cooperation on issues such as migration and the fight against fentanyl. He thanked the president for her work and highlighted the good relationship between both countries in these areas.
Sheinbaum, for her part, mentioned that a new round of tariffs is expected on April 2 and emphasized the importance of collaboration between Mexico and the United States under equal circumstances, without tariff impositions. Regarding the exchange rate, the Mexican peso appreciated by 0.54 percent against the dollar, standing at 20.30 units. In the financial sphere, both the dollar index and the 10-year bonds for the United States and Mexico showed variations.
In conclusion, the pause in tariffs on Mexico under the USMCA reflects a gesture of adaptation and mutual respect between the leaders of both countries, while it is expected that new tariff measures will be defined on April 2.
