Mexico's peso falls after Trump announces tariffs on Colombian goods

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January 26, 2025 6:39 PM EST

FILE PHOTO: Bundles of Mexican Peso banknotes are pictured at a currency exchange shop in Ciudad Juarez, Mexico January 15, 2018. REUTERS/Jose Luis Gonzalez/File photo

MEXICO CITY (Reuters) - The Mexican peso depreciated in international trade after U.S President Donald Trump announced he would impose tariffs on Colombia, reviving concerns about his trade policy.

The currency, one of the most liquid currencies globally, was trading at 20.4630 units per dollar, down 1% compared to the London Stock Exchange Group reference price on Friday.

Tariffs on the South American country are part of a series of actions announced by the U.S. president in retaliation for Bogota's decision to reject two military planes carrying deported migrants.

(Reporting by Noe Torres; Editing by Lisa Shumaker)


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