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Mexico is now the US's largest trading partner and the auto sector is set to be one of the hardest hit.
Meanwhile, the peso is down about 20% so far this year, and the depreciation has accelerated since Trump’s election, driven by a stronger dollar and doubts about whether the Federal Reserve can continue cutting interest rates amid Trump’s potentially inflationary policies.
While economic activity in Mexico has shown slight improvement, it is expected to soften next year.
Meanwhile, the peso is down about 20% so far this year, and the depreciation has accelerated since Trump’s election, driven by a stronger dollar and doubts about whether the Federal Reserve can continue cutting interest rates amid Trump’s potentially inflationary policies.
While economic activity in Mexico has shown slight improvement, it is expected to soften next year.
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