USD/MXN: Mexico plans response to US tariffs
The White House confirmed a one-month exemption for autos under the USMCA (United States-Mexico-Canada Agreement), following President Trump’s 25% tariffs on Mexican imports.
The exemption has significant consequences for Mexico’s economy, with tariffs expected to add billions in costs for automakers that rely on Mexican production.
Mexican President Claudia Sheinbaum plans to discuss tariffs with Trump on Thursday, before her government announces countermeasures on Sunday.
Meanwhile, the MACD indicator initially showed a potential bullish signal as moving averages crossed upward. However, momentum appears to be fading, and the pair has yet to retest its February 3rd highs.
The exemption has significant consequences for Mexico’s economy, with tariffs expected to add billions in costs for automakers that rely on Mexican production.
Mexican President Claudia Sheinbaum plans to discuss tariffs with Trump on Thursday, before her government announces countermeasures on Sunday.
Meanwhile, the MACD indicator initially showed a potential bullish signal as moving averages crossed upward. However, momentum appears to be fading, and the pair has yet to retest its February 3rd highs.
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Economic Calendar:
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blackbull.com/en/economic-calendar/?utm_source=tradingview
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.