Xinhua
05 Mar 2025, 12:18 GMT+10
(250305) -- MEXICO CITY, March 5, 2025 (Xinhua) -- A five-hundred Mexican peso banknote is pictured with one-hundred U.S. dollar bills in Mexico City, Mexico, March 4, 2025. The 25-percent U.S. tariffs, which took effect at midnight between Monday and Tuesday, have already impacted Mexico's financial markets. The Mexican peso depreciated nearly 1 percent on Tuesday, reaching 20.90 per U.S. dollar in interbank trading. Analysts attribute the decline to concerns over escalating trade tensions, warning that further U.S. tariff hikes could follow. (Xinhua/Li Muzi)
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