**Impact on Peso if Trump Wins U.S. Elections**
Tijuana – If former President Donald Trump secures a victory in the upcoming U.S. elections on Tuesday, the Mexican peso might experience a depreciation, potentially reaching nearly 21 pesos per dollar. This forecast comes from Carlos Leos Martínez, the head of the Association of Currency Exchange Centers in Tijuana. He stressed that while a depreciation could occur, it may not match the levels seen in 2016 when Trump first won against Hillary Clinton.
The financial expert pointed out that the 2016 experience highlighted how Trump’s protectionist rhetoric and uncertainties surrounding the NAFTA renegotiation led to a swift decline in the peso’s value. However, this time the impact might be less severe as markets are more familiar with his political style.
Another concern highlighted by Leos Martínez is the possible decline in remittances from Mexicans living in the United States, should Trump win. A stricter immigration policy could lead to reduced remittances, further weakening the peso. Additionally, higher tariffs on Mexican products pose a significant risk, which could lead to inflationary pressures, making imports more expensive and diminishing the competitiveness of Mexican exports.
In related developments, there has been a noted decrease in job vacancies in the industry, linked to the uncertainty of the U.S. elections. Furthermore, the industrial sector has observed a slowdown in investments during the electoral process, according to local development agencies.
**Secondary Article: Economic and Social Tensions Rise Amid U.S. Election**
As the U.S. elections approach, tension is mounting not just in the financial markets but also in various societal aspects. With the potential of Donald Trump returning to power, concerns over immigration policies and economic relations between the U.S. and Mexico are escalating.
In Tijuana, there has been a 30% increase in requests for humanitarian asylum advice, as many fear the implications of stricter immigration policies. The industry and local economy are bracing for potential impacts, with experts predicting a 10% rebound in the real estate market in early 2025, depending on the election outcome.
Moreover, the industrial sector in Baja California is advocating for better workplace conditions, reflecting broader societal demands for equitable labor practices. This regional apprehension underscores the complex interplay between political changes in the U.S. and their ripple effects on neighboring regions.
Efforts are also being made to support local communities, with initiatives to provide essential services and legal support to those in need. As the elections draw near, the anticipation of policy changes continues to shape both economic forecasts and community efforts.