The exchange rate was at 20,8083 pesos per dollar, the worst level for the Mexican currency since January 16, according to Banxico closing figures.
With today’s fact, the weight depreciated 0.58% and spun three sessions with losses, although today’s setback was more moderate. During the day, the price reached a maximum of 20,8480 units per dollar.
The depreciation of the weight is the result of global nervousness for the commercial tensions unleashed by the tariffs of President Trump.
The Republican decided to raise tariffs to China to a total of 104% from this midnight due to the retaliation of Beijing to the Tariff increases in the US.
Trump had said this week that if China did not withdraw its battery of reciprocal tariffs of 34% for noon today, it would implement from midnight on Tuesday another additional 50% game that would make exports to the US to the Asian giant loading with tariffs up to 104%.
Trump announced on April 2, 10% global tariffs that entered into force on Saturday and higher rates for other regions and countries such as China and the European Union that will begin to be applied on day 9.
Lee: Trump raises tariffs to China up to 104% for Beijing reprisals
With information from Francisco Rivera
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