Tensions between the U.S. and Mexico may create trade opportunities

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The U.S.-Mexico trade relationship has been very important for both countries. The U.S. has been Mexico's biggest trading partner, and Mexico has been one of the U.S.'s top partners. Each year, they have traded hundreds of billions of dollars in goods. Mexico has sent products like cars, electronics, machinery, and oil to the U.S. The U.S. has exported machinery, chemicals, and fuel to Mexico. Their economies have been closely linked because of this trade. The U.S.-Mexico trade agreement (USMCA), which has replaced NAFTA in 2020, has strengthened their trade by making rules clearer for things like agriculture, manufacturing, and digital trade. It has also addressed labor and intellectual property issues.



The Mexican peso (MXN) was significantly impacted during the 2018-19 trade war, dropping by as much as 14% in 2018 and 6% in 2019. The trade uncertainty and tariffs between the U.S. and China contributed to this decline, along with broader market volatility. The peso's performance reflected the wider impact of global trade tensions, with currencies linked to commodities and China also being notably affected.

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