# Mexico president touts friendly Trump call, looks to ease tariff tensions

> Mexico's President Sheinbaum said after a friendly call with Trump that she hopes to ease tariff tensions. The peso strengthened close to 1% early on Thursday after weakening in recent days.

- Date: 2024-11-28 · published 2024-11-28T12:00:00.000Z
- Category: policy · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/27634-mexico-president-touts-friendly-trump-call-looks-to-ease-tariff-tensions
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Easing of the threatened 25% tariffs on Mexico would support US corn and soymeal export demand to a key buyer and reduce currency volatility.

## Read by commodity

- CORN: bullish ▲
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-07-09 | [Mexico President-Elect Pledges Commitment To NAFTA - U.S. Soybean Export Council](https://feedsoft.ai/events/64006-mexico-president-elect-pledges-commitment-to-nafta-u-s-soybean-export-council.md) | -5.2% | -1.8% |
| CORN | 2021-10-06 | [USDA’s CCC takes on big role as presidents look to fund priorities \| 2021-10-05  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/44524-usda-s-ccc-takes-on-big-role-as-presidents-look-to-fund-priorities-2021-10-05.md) | -2.1% | +7.1% |
| CORN | 2019-03-15 | [Trump Looks to `Thread the Needle' With Farms, Oil on Biofuels - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/59977-trump-looks-to-thread-the-needle-with-farms-oil-on-biofuels-energy-news-top.md) | +4.2% | -1.8% |
| CORN | 2019-08-23 | [Trump Administration May Consider Reallocating Biofuels Gallons Lost to Small-Refinery Waivers](https://feedsoft.ai/events/57448-trump-administration-may-consider-reallocating-biofuels-gallons-lost-to-small.md) | +1.8% | +1.4% |
| CORN | 2019-10-04 | [President Trump Delivers on a Key Promise to American Farmers as EPA, USDA Announce Agreement on Promoting Biofuels \| US EPA](https://feedsoft.ai/events/56438-president-trump-delivers-on-a-key-promise-to-american-farmers-as-epa-usda.md) | +0.3% | +0.2% |

## Sources

- reuters.com: https://www.reuters.com/world/americas/mexican-president-says-did-not-discuss-tariffs-call-with-trump-2024-11-28/

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