Mexico, Argentina stocks in freefall over Trump tariffs

Mexico, Argentina stocks in freefall over Trump tariffs

MEXICO CITY: Mexican stocks plunged 4.87 percent on Friday, despite the country being left off US President Donald Trump’s reciprocal tariffs list, amid panic on global markets over the start of a trade war. © New Straits Times Press (M) Bhd

The Argentine markets face a new day of heavy losses this Friday, with the country risk approaching dangerously the 1,000 basis points, level not seen in years. READ ALSO: The U.S. pressured Argentina to end the credit line with China This indicator, which measures the surcharge paid by Argentine bonds against those of the U.S. Treasury, climbed to 925 points this Thursday, driven by the fall of local titles and the rise in U.S. reference rates.

The country risk exceeds the barrier of the 900 base points, the highest value since November, and the Porteña Stock Exchange is sinking 10.3%

In the middle of the trade “war” for tariffs, Wall Street indexes lose about 3% and impact on Argentine asset valuations. Global bonds yield 2% and JP Morgan indicator jumps 67 units to 925 points

Martín Redrado analyzed the measure Donald Trump took to increase import tariffs and how it will impact Argentina. The post "Argentina has a chance": Martín Redrado analyzed how Trump's measure appeared first on El Intranssigente will impact the country.

Both were expected to meet at an event where they would receive an award, but the American president did not attend, going straight to his residence