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21 hours ago
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Mexico’s stock market soared the most in the world on Thursday as investors piled in following the news that the country was excluded from President Donald Trump’s plan to impose tariffs on trading partners.
Author of the article:
Bloomberg News
Beatriz Reis and Leda Alvim
Published Apr 03, 2025 • 1 minute read
![m3o7}ugtcpbsj7]smpd75]cc_media_dl_1.png](https://smartcdn.gprod.postmedia.digital/financialpost/wp-content/uploads/2025/04/mexbol-index-jumps-to-highest-since-july-on-tariff-relief.jpg?quality=90&strip=all&w=288&h=216&sig=nQwXFw8_p6sXVNoR55ALhw)
(Bloomberg) — Mexico’s stock market soared the most in the world on Thursday as investors piled in following the news that the country was excluded from President Donald Trump’s plan to impose tariffs on trading partners.
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The benchmark Mexbol index jumped 2% to its highest level since July in a broad rally led by financial companies Grupo Financiero Inbursa SAB de CV and Regional SAB de CV, both of which gained more than 7%.
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Traders also snapped up shares in consumer, discretionary and real estate companies in the first full trading day after Trump’s announcement. He exempted neighbors Canada and Mexico from his highly anticipated Liberation Day event in which he hit imports from most countries with duties.
“Mexico emerges unscathed from Liberation Day,” said Bradesco BBI strategist Rodolfo Ramos. “Not only did the executive order leave Mexico out of the picture, it also provided an exit ramp for the US to suspend all previously announced tariffs and leave a lower 12% tariff on exports that are not USMCA-compliant.”
Strategists, however, cautioned that country remains in on-and-off trade dispute with the US, its biggest trading partner, including previously announced levies and others on the automotive sector that come into force Thursday.
Mexico President Claudia Sheinbaum has yet to retaliate on the previously imposed tariffs, choosing to negotiate with Washington. In a press conference on Thursday morning, Sheinbaum claimed that the absence of new US tariffs on Mexico is due to “respect.”
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