The Mexican peso depreciated in international trade after U.S President Donald Trump announced he would impose tariffs on Colombia, reviving concerns about his trade policy.

Trump has shown a willingness to move swiftly on tariffs in recent days without allowing for drawn-out talks. On Sunday, Trump announced—and then backed off—a threat to impose

President Donald Trump's threats to impose punishing tariffs on Canada and Mexico may be part of a strategy to gain leverage ahead of new negotiations on a regional trade agreement, experts said.

President Donald Trump has once again stirred the waters of international trade, reiterating his threat to impose tariffs on Canada unless certain conditions are met. In a bold move, Trump suggested that Canada could avoid these tariffs by becoming a state within the United States.