Mexican peso and stock market dip as China tariffs spark fears of global recession

The peso and the stock market wiped out Thursday's earnings and were shaken yesterday by fears of a global economic recession as a result of Trump's new trade policies.

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China has hit back hard against Donald Trump's tariffs, imposing punitive 34 per cent additional tariffs on all goods imported from the US.The dramatic escalation in trade hostilities between the world's two largest economies has magnified concerns among investors about the risks to global growth.Beijing's retaliation mirrors the US decision and has exacerbated a sell-off on global stock markets.Almost $5 trillion has been wiped off the value of…

Mexico City, 4 Apr (EFE).- The Mexican Stock Exchange (BMV) lost 4.87 % this Friday in its main indicator, which reached 51.452.73 units, in the face of the global collapse of the markets due to the tariff war that intensified after China announced reprisals for the measures of the United States. The BMV caught the losses of Wall Street, whose indicators fell almost 6%, its worst day since 2020, in the face of the chaos that caused China to anno…

The exchange rate of the dollar against the colón continued with its upward shift amid the uncertainty generated for the second consecutive day by the global tariffs of Donald Trump, president of the United States. On this Friday, April 4, the price of the dollar in the Foreign Currency Market (Monex) closed at ¢509.29, its highest value since last February 7, when it stood at ¢509.83. In addition, the exchange rate increased by ¢6.86 compared t…

Mexican peso and stock market dip as China tariffs spark fears of global recession

The Mexican peso wobbled and the nation’s stock market exchange plunged early Friday after China announced retaliatory tariffs against the United States, fanning fears of a global recession. Markets around the world plunged for a second day after Beijing escalated a trade war ignited by U.S. President Donald Trump’s sweeping “reciprocal tariffs” which were made public on Wednesday. As stock markets around the world tumbled, the Bolsa Mexicana de…

An escalation in the trade dispute, after China decided to retaliate against the tariffs imposed last Wednesday by the U.S. government, caused the Mexican peso to erase its profits yesterday, in the face of a greater aversion to global risk.According to the records of the Bank of Mexico (Banxico), the exchange rate reached a parity of 20,4650 pesos per dollar, representing an intraday depreciation of 2.62 or 52.16 cents, while its weekly balance…