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Mexican Standoff
Unlike in Canada, Trump’s pledge to impose a 25% tariff on all imports from Mexico is not entirely unexpected given what occurred in his first term. However, it’s unclear whether the intention is genuine or simply an opening tactic in bilateral negotiations. If the President-elect were to follow through, it would undeniably have a major impact on Mexico’s economy. This explains the initial sharp reaction in the peso following Monday night’s announcement, though it has since recovered. Mexico’s economy appears much more vulnerable to the tariff threat than Canada, even though the U.S. accounts for a similar ... (full story)
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- Posted: Nov 30, 2024 12:13am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,800
