# Mexican peso erases all its 2019 gains after Trump tariff threat

> The Mexican peso lost as much as 3.62% on May 31 after President Trump threatened tariffs on goods exported from Mexico to the U.S. The drop erased all of the peso's 2019 gains. It was the sharpest fall since President Lopez Obrador canceled a $13 billion airport project in October.

- Date: 2019-05-31 · published 2019-05-31T12:00:00.000Z
- Category: trade · region Mexico · magnitude high
- Page: https://feedsoft.ai/events/59300-mexican-peso-erases-all-its-2019-gains-after-trump-tariff-threat
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Tariffs on Mexico would disrupt a major export market for the U.S. and Brazil alike, weighing on Mexican feed and food demand. The currency move raises the cost of dollar-priced grain imports for Mexican feed mills.

## Read by commodity

- CORN: bearish ▼
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2019-05-31 | [U.S. grains: Trump tariff threat pushes corn, soy, wheat lower - Grainews](https://feedsoft.ai/events/6687-u-s-grains-trump-tariff-threat-pushes-corn-soy-wheat-lower-grainews.md) | -2.5% | +3.0% |
| CORN | 2025-02-28 | [Mexican Peso plunges as Trump confirms March tariffs, Peso faces weekly losses](https://feedsoft.ai/events/26262-mexican-peso-plunges-as-trump-confirms-march-tariffs-peso-faces-weekly-losses.md) | -2.4% | +0.5% |
| CORN | 2024-11-26 | [Corn, Soybeans Ease as Market Digests Trump Tariff Threats](https://feedsoft.ai/events/6059-corn-soybeans-ease-as-market-digests-trump-tariff-threats.md) | -0.6% | +4.7% |
| CORN | 2018-07-20 | [Trump threatens tariffs on all $500 billion of Chinese imports](https://feedsoft.ai/events/63946-trump-threatens-tariffs-on-all-500-billion-of-chinese-imports.md) | -1.7% | -0.3% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-trade-mexico-markets/mexican-peso-erases-all-its-2019-gains-after-trump-tariff-threat-idUSKCN1T12AZ/

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