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Mexican Peso volatility linked to potential US tariff adjustments and labor data
El FinancieroLO·MX · US·about 3 hours ago
The US has imposed tariffs on around 60 trading partners over claims they failed to properly stop forced labour. The move targets countries with alleged human rights abuses in their supply chains. The tariffs are a response to the US government's efforts to combat modern slavery.
The US has implemented a new broad tariff regime across 60 nations with variable 10-12.5% rates, replacing previously invalidated emergency duties. This policy includes an exemption list for over 2,000 items, generating approximately 60% of the revenue from the prior measures. Responses from affected nations are varied, with some deferring action or rejecting retaliation, while others express concerns over economic impact.