Mexico tilts towards recession amid Trump turmoil

Trump’s self-inflicted recession begins to take shape

Consumer confidence has fallen to its lowest in two and a half years and long-term inflation expectations are at their highest since 1992, new survey shows

Mexico tilts towards recession amid Trump turmoil

Growth slows sharply as changing tariff regime and domestic reforms deter investors

Peso depreciates in response to Trump auto tariffs announcement

The Mexican peso depreciated nearly 1% against the U.S. dollar on Thursday, the day after U.S. President Donald Trump announced he would impose a 25% tariff on imports of vehicles made outside the United States starting next week. The peso closed at 20.30 to the dollar, according to the Bank of Mexico (Banxico), a depreciation of 0.8% compared to its closing position of 20.14 to the greenback on Wednesday. Major automakers operating in both Mexi…

The Mexican peso ‘scratch’ behind Donald Trump’s car tariffs and increases its losses to the dollar, as the market analyzes the new 50-point cut to Banxico’s rate. In its ‘morning’ on Thursday, March 27, President Claudia Sheinbaum said she will give a “comprehensive response” to Trump’s tariffs on Thursday, April 3. In addition, the president declared that she will seek a meeting with global auto CEOs such as Ford, General Motors and Nissan, wh…

The executive president of the Mexican Association of Automotive Distributors, AMDA, Guillermo Rosales Zárate, reported that a slowdown in the sale of vehicles is expected this year, due to the decrease in the prospect of economic growth for this year. What we are foreseeing is that the slowdown in the sale of vehicles in Mexico is deepening. We are further moving towards a second scenario in which the Mexican economy can end the 2025 phase of s…

The decision to impose new tariffs on foreign cars in the U.S. could trigger an economic crisis in Mexico, according to a Wells Fargo report. The bank warns that the overvaluation of the weight and commercial uncertainty could accelerate a recession in 2025. Donald Trump's announcement about the application of a 25% tax on imported cars generated concern in the Mexican automotive industry. Mexico, which sends 80% of its vehicle exports to the U.…