# Peso depreciates in response to Trump auto tariffs announcement

> The Mexican peso depreciated nearly 1% to 20.30 per dollar on March 27 after Trump announced a 25% tariff on imported vehicles starting the following week. US content in Mexican-assembled vehicles will be exempt, lowering the effective rate, and Banxico cut its key rate to 9%.

- Date: 2025-03-28 · published 2025-03-28T12:00:00.000Z
- Category: trade · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/25799-peso-depreciates-in-response-to-trump-auto-tariffs-announcement
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Auto tariffs and a weaker peso pressure Mexican economic activity and import capacity, which can reduce demand for US feed grains and livestock products.

## Read by commodity

- CORN: bearish ▼
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-05-31 | [Peso plunges 3% on United States tariff announcement](https://feedsoft.ai/events/59302-peso-plunges-3-on-united-states-tariff-announcement.md) | -2.5% | +3.0% |
| CORN | 2019-05-31 | [Peso plunges vs the US dollar after Trump announces Mexican import tariffs](https://feedsoft.ai/events/59297-peso-plunges-vs-the-us-dollar-after-trump-announces-mexican-import-tariffs.md) | -2.5% | +3.0% |
| CORN | 2025-03-04 | [China targets US soybeans, lumber in stepped-up response to Trump tariffs \| Reuters](https://feedsoft.ai/events/14676-china-targets-us-soybeans-lumber-in-stepped-up-response-to-trump-tariffs-reuters.md) | +3.2% | +4.7% |
| CORN | 2018-05-31 | [USD/MXN soars to 14-month highs on US tariffs announcement — Octa](https://feedsoft.ai/events/65225-usd-mxn-soars-to-14-month-highs-on-us-tariffs-announcement-octa.md) | -2.2% | -7.3% |
| CORN | 2018-06-16 | [Trump's tariffs: What they are and how China is responding \| AP News](https://feedsoft.ai/events/64604-trump-s-tariffs-what-they-are-and-how-china-is-responding-ap-news.md) | -0.9% | -3.9% |

## Sources

- mexiconewsdaily.com: https://mexiconewsdaily.com/business/mexico-peso/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.