Economy and macroUpdated 8h ago

Trump threatens to double tariffs on Mexican imports; peso falls.

Donald Trump threatened to double tariffs on Mexican imports immediately unless Mexico stopped migrant caravans he said were preparing to head to the United States, Asharq Business with Bloomberg reported. The outlet also reported a fall in the peso. Argaam said Trump made the threat in a social-media post on Thursday, November 12, 2026, without setting a deadline or specifying actions for the Mexican government. The increase was a threat, not an implemented tariff change.

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