Mexican exporters do not expect a complete removal of tariffs following the USMCA review

On October 20, amidst ongoing evaluations of the United States-Mexico-Canada Agreement (T-Mec), Mexican exporters stated they do not anticipate a complete removal of tariffs following the trade pact's review. While these exporters do not fear U.S. tariffs, they acknowledge that global trade has entered a new phase characterized by increased trade barriers, active industrial policies, and stricter regional content requirements, according to Sergio Cont.

Simultaneously, financial markets monitored currency movements as the Mexican peso held steady. At the close of operations on October 20, the U.S. dollar was quoted at 18.43 Mexican pesos, reflecting a negligible variation of 0.01% from the previous session, though it marked a 0.31% increase over the preceding week according to Dow Jones data.