Mexican President Claudia Sheinbaum said she plans to announce retaliatory tariff and non-tariff measures against the U.S. at a rally in Mexico City on Sunday. “I call on the people of Mexico to face this challenge together,
The peso weakened 1.5% during Tuesday morning trading to reach 21 to the US dollar, the weakest position for Mexico's currency since early February.
President Sheinbaum announced that Mexico will respond to the United States' 25% tariffs on its exports with "tariff and non-tariff measures."