Mexican Peso Drops as Trump Unveils 25% Auto Tariff Plan

Puerto Vallarta, Mexico - The Mexican peso dropped by 0.72% on Wednesday afternoon amid growing concerns over new U.S. tariffs on auto imports. The currency, which had been trading at approximately 20.24 per dollar in foreign exchange markets, witnessed a significant decline following U.S. President Donald Trump’s announcement of plans to impose a 25% tariff on all cars manufactured outside the United States.