The United States government has decided to postpone the imposition of a 25% tariff on cars manufactured in Mexico until April 2, which has had a positive impact on the exchange rate and the stock markets. Donald Trump has held talks with major automotive manufacturers in the country, such as Ford, Stellantis, and General Motors, to discuss the impact of the tariffs on vehicle imports.
After these meetings, it was announced that the tariffs would be postponed for a month, only to be applied to car imports made by the United States through the US-Mexico-Canada Agreement (USMCA), originating from Mexico or Canada. The reciprocal tariffs to be announced on April 2 will remain in place, including for automobiles.
Karoline Leavitt, Trump's spokesperson, communicated that despite the postponement, the aforementioned tariffs remain. This decision has influenced the exchange rate, with a reduction in the dollar price to 20.35 pesos in interbank operations. Meanwhile, stock markets in Mexico closed higher, with gains exceeding half a point.
The Mexican peso has achieved an appreciation of 1.88%, retreating against the US dollar. With this adjustment, the dollar has reached a maximum price of 21.69 pesos in the country's banks and exchange houses, being 31 cents less than the previous session.
In the stock market, the stock exchanges in Mexico initially displayed erratic behavior, with minimal losses that eventually turned into gains exceeding half a point by the end of the day. The Mexican Stock Exchange (BMV) advanced by 0.62%, while the Institutional Stock Exchange (BIVA) experienced a moderate increase of 0.51% in its main indicator.
