# Mexican Peso dives as Trump tariffs comments boost US Dollar

> The Mexican peso erased earlier gains after Trump said he would impose 25% tariffs on Canada and Mexico over fentanyl, pushing USD/MXN to 20.74. Trump also said he would likely decide on tariffs on oil from Canada and Mexico.

- Date: 2025-01-30 · published 2025-01-30T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/26724-mexican-peso-dives-as-trump-tariffs-comments-boost-us-dollar
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Proposed 25% tariffs on Mexico and Canada, plus possible oil tariffs, raise trade and energy cost risks for North American agriculture and feed flows.

## Read by commodity

- WTI: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-01-30 | [Trump Slaps 25% Tariffs On Canada, Mexico: Loonie, Peso Slide, Oil Climbs - Invesco CurrencyShares Canadi - Benzinga](https://feedsoft.ai/events/26760-trump-slaps-25-tariffs-on-canada-mexico-loonie-peso-slide-oil-climbs-invesco.md) | -2.1% | -3.2% |
| WTI | 2025-01-30 | [Canadian dollar hits 5-year low as oil tariff decision looms](https://feedsoft.ai/events/26759-canadian-dollar-hits-5-year-low-as-oil-tariff-decision-looms.md) | -2.1% | -3.2% |
| WTI | 2025-05-12 | [Oil Prices Jump on US-China Tariff Reduction](https://feedsoft.ai/events/12549-oil-prices-jump-on-us-china-tariff-reduction.md) | +2.4% | +6.2% |
| WTI | 2020-06-22 | [Asian Buyers Turn to U.S. Oil Amid Uncertain Flows From OPEC - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/52788-asian-buyers-turn-to-u-s-oil-amid-uncertain-flows-from-opec-energy-news-top.md) | -3.1% | +2.8% |
| WTI | 2026-05-07 | [Record oil exports could drive U.S. diesel and gas supply shortages just as summer travel starts - MarketWatch](https://feedsoft.ai/events/19460-record-oil-exports-could-drive-u-s-diesel-and-gas-supply-shortages-just-as.md) | +6.0% | -2.0% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/mexican-peso-extends-rally-unfazed-by-economic-contraction-202501301809

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