Mexican peso, Canadian dollar plunge 1%...Trump tariff shock

The currency value of related countries fell as U.S. President-elect Donald Trump said he would impose additional tariffs on China, Mexico and Canada.

According to Bloomberg News, Mexico's peso plunged 1.3% on the afternoon of the 26th, the lowest level since 2022.

The Canadian dollar fell more than 1% at one point, its lowest level in four years. It recovered its fall to fall 0.9%.

The value of China's offshore yuan also fell 0.4% at one point.

On the other hand, the Bloomberg Dollar Spot Index, which represents the value of the dollar against the currencies of the 10 major countries, jumped 0.7% at one point.

On the 25th local time, Trump announced on his social media Truth Social that he would impose 10% more tariffs on China on the day of his inauguration, and 25% tariffs on Mexico and Canada.