Trump’s car tariffs ‘boll’ on the peso: How much did he lose to the dollar in the week?

Donald Trump’s tariffs on the cars gave the Mexican peso its ‘arrival’, which ended with falls before the dollar on Friday 27 and accumulated a week of losses. The depreciation of the Mexican peso was 0.55 percent against the dollar, the Bank of Mexico reported, so the exchange rate was set at 20. units, 11 cents more than the closing of Thursday, March 27. In the week, the Mexican peso accumulated a depreciation of 0.87 percent against the doll…

Monterrey.- The tariffs on Mexican cars that go to the United States would be 21.3 percent, Banamex estimated. In an analysis, Banamex indicated that for the case of Mexico, assuming that they have an American content of 40 percent, the tariff on cars would be 15 percent if they met the T-MEC. However, he estimated that assuming that 18 percent of cars exported from Mexico did not comply, they would be applied 50 percent (regardless of their Ame…

New information from financial analysts highlights that Detroit’s three major car companies will suffer the consequences after President Trump’s imposition of 25 percent tariffs on all cars and auto parts manufactured abroad, while Tesla and Rivian, from Elon Musk, will have an advantage over their rivals. The US automotive industry has experienced remarkable growth in recent years, according to the United States, sales of new vehicles reached a…

The Mexican automotive industry condemned the imposition of 25% tariffs on the sector, as it puts the entire value chain of this segment in uncertainty. “The tariffs directly affect US consumers, as well as investments and jobs in the three countries. The automotive competitiveness of the region has been achieved in three decades of integration, and these tariffs threaten it,” said in a position the Mexican Association of Automotive Industry (AM…

Local currency recedes for the fourth consecutive day, shaping a negative week, while investors weighed local labor figures and U.S. inflation

Tariffs affect U.S. consumers, as well as investments and jobs in Mexico, the U.S. and Canada: Mexican automotive sector.