Dollar surges vs peso after Mexico slaps retaliatory tariffs

Dollar surges vs peso after Mexico slaps retaliatory tariffsThe dollar surged against the Mexican peso on Tuesday after Mexico said it will impose a 20 percent tariff on U.S. pork imports after U.S. President Donald Trump slapped tariffs on steel and aluminium. The tariff was in response to the Trump administration's decision last week to impose steel and aluminum tariffs on Mexican exporters on grounds that countries including Mexico engage in competition damaging to U.S. national security. The U.S. decision to go ahead with the steel and aluminum tariffs has complicated talks with Mexico and Canada to rework the North America Free Trade Agreement (NAFTA).




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