Mexico’s peso has been hit hard by Trump’s anti-trade rhetoric. During his inauguration speech President Donald Trump said, “From this day forward, it’s going to be only America first, America first. Every decision on trade, on taxes, on immigration, on foreign affairs will be made to benefit American workers and American families.”
Trump has criticized companies for investing in Mexico and promises to move quickly to work to re-negotiate NAFTA and re-calibrate the U.S.’s relationship with its southern neighbor. Trump’s vision appears to be simple. “We want to bring manufacturing back to our country,” he has said.