Market News
Mexican peso tumbles, investors jittery after Trump's Colombia tariff scare - REUTERS
NEW YORK, Jan 27 (Reuters) - The Mexican peso tumbled on Monday as investors worried that trade disputes would again whipsaw markets after U.S. President Donald Trump’s overnight threat to impose steep tariffs on Colombia.
On Sunday, Trump said the White House would levy 25% tariffs on Colombia imports, mainly crude oil, coffee and flowers. His threat came after Bogota rejected U.S. military planes carrying deportees.
In a late night deal, Colombian and U.S. diplomats worked out an agreement for Bogota to accept the deportees without incurring tariffs.
