# USD/MXN soars to 14-month highs on US tariffs announcement — Octa

> The Mexican peso fell to 14-month lows against the US dollar after the US announced steel and aluminum tariffs on Mexico. USD/MXN rose from 19.80 to 20.04 before easing to about 19.92. Mexico responded by announcing equivalent duties on US products including pork, apples, grapes, blueberries and cheeses.

- Date: 2018-05-31 · published 2018-05-31T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/65225-usd-mxn-soars-to-14-month-highs-on-us-tariffs-announcement-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A weaker peso raises the cost of US feed and meat imports for Mexican buyers, which can cut US export demand for corn and pork. Mexican retaliation on US pork and other farm goods adds downside pressure on US livestock-linked prices.

## Read by commodity

- CORN: bearish ▼
- HOGS: bearish ▼
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2019-08-23 | [China to impose extra tariffs on U.S. soy, beef and pork](https://feedsoft.ai/events/57438-china-to-impose-extra-tariffs-on-u-s-soy-beef-and-pork.md) | -1.5% | -11.2% |
| HOGS | 2018-06-15 | [China announces retaliatory tariffs on $34 billion worth of US goods, including agriculture products](https://feedsoft.ai/events/64398-china-announces-retaliatory-tariffs-on-34-billion-worth-of-us-goods-including.md) | +2.3% | -0.3% |
| HOGS | 2018-07-09 | [As Tariffs Bite, China Cancels U.S. Soy Deals and Hunt Is on for New Export Markets](https://feedsoft.ai/events/63898-as-tariffs-bite-china-cancels-u-s-soy-deals-and-hunt-is-on-for-new-export.md) | -1.8% | -22.3% |
| HOGS | 2025-11-04 | [Hog prices slip as China eases tariffs on US pork - CME
						 \| The Pig Site](https://feedsoft.ai/events/22095-hog-prices-slip-as-china-eases-tariffs-on-us-pork-cme-the-pig-site.md) | +0.4% | -4.4% |
| HOGS | 2025-02-28 | [Grain and Livestock Mostly Lower on Technical Selling and Tariff Uncertainty](https://feedsoft.ai/events/10619-grain-and-livestock-mostly-lower-on-technical-selling-and-tariff-uncertainty.md) | +1.6% | +1.6% |
| 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 | 2025-03-28 | [Peso depreciates in response to Trump auto tariffs announcement](https://feedsoft.ai/events/25799-peso-depreciates-in-response-to-trump-auto-tariffs-announcement.md) | +0.5% | +5.5% |
| CORN | 2019-08-23 | [China to impose extra tariffs on U.S. soy, beef and pork](https://feedsoft.ai/events/57438-china-to-impose-extra-tariffs-on-u-s-soy-beef-and-pork.md) | +1.8% | +1.4% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/574790/

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