The Mexican peso and the Mexican Stock Exchange plummeted this Friday in what was their worst session since June 2024. The crisis was triggered by China's economic retaliations following the new tariffs imposed by Donald Trump's government. Mexico, as always, ended up in the middle of the storm... and without a shield.
The exchange rate closed at 20.44 pesos per dollar, with a 2.6% drop in a single day. The S&P/BMV IPC index fell 4.87%, settling at 51,452.73 points.
El peso tiembla
Dragging down the mining, manufacturing, and energy sectors. The markets reacted strongly. Mexico once again showed its structural vulnerability.
The country, heavily integrated into global production chains, saw investor confidence evaporate. Risk aversion grew, and with it, the outflow of financial capital. The stock market fell, the exchange rate was altered, and growth expectations weakened even further.
The government without reaction to the storm
In the face of the peso's collapse and the stock market drop, the federal government did not issue any official stance. There was no conference, no containment plan, no institutional message. Sheinbaum remained silent while the markets reacted brutally.
The Ministry of Finance also did not present measures. Governmental passivity once again left the Mexican economy alone in the midst of an external crisis. Meanwhile, as the powers dispute global trade control, Mexico has no strategy or room for maneuver.
Mexico drags old vices and new risks
Analysts warn that if the tariff conflict continues, the effects on Mexico could intensify. The country depends on exports, trade with the U.S., and investments subject to external confidence. Without clear economic direction, the country is trapped between global instability and internal inaction.
The stock market hit is just the beginning. If there are no immediate responses, the consequences will spill over to employment, inflation, and purchasing power. The peso is already showing warning signs, and the government remains asleep.
While the world adjusts its economy to new shocks, Mexico is barely adjusting to the discourse. In that discourse, red figures don't fit. But in reality, we are already paying for it.
