Mexican Peso Gains on Trade Advantage

2026-07-24 20:57 By Isabela Couto 1 min. read

The Mexican peso strengthened to around 17.48 per USD in late July from 17.52 earlier in the month as investors viewed Mexico's trade position with the US as relatively favorable.

The US announced new tariffs ranging from 10% to 12.5% on imports from roughly 60 economies.

For Mexico, imports that do not qualify for preferential treatment under the USMCA will face a 10% tariff, while goods that comply with the agreement's rules of origin will remain exempt, preserving the country's preferential access to the US market.

Existing exemptions also remain in place for products already covered by sector-specific tariffs, including automobiles, steel, aluminum, and pharmaceuticals.

Mexico was included among the countries subject to the minimum 10% tariff, while many economies without trade agreements will face 12.5% duties, preserving Mexico's competitive advantage over several export rivals.

The peso also found support from a pullback in global energy prices.



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Mexican Peso Gains on Trade Advantage
The Mexican peso strengthened to around 17.48 per USD in late July from 17.52 earlier in the month as investors viewed Mexico's trade position with the US as relatively favorable. The US announced new tariffs ranging from 10% to 12.5% on imports from roughly 60 economies. For Mexico, imports that do not qualify for preferential treatment under the USMCA will face a 10% tariff, while goods that comply with the agreement's rules of origin will remain exempt, preserving the country's preferential access to the US market. Existing exemptions also remain in place for products already covered by sector-specific tariffs, including automobiles, steel, aluminum, and pharmaceuticals. Mexico was included among the countries subject to the minimum 10% tariff, while many economies without trade agreements will face 12.5% duties, preserving Mexico's competitive advantage over several export rivals. The peso also found support from a pullback in global energy prices.
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