Trump: US ‘Very Close’ to Reaching Deal With Mexico

The signal here is directional rather than substantive: a deal is framed as near, but the absence of terms, scope or timing leaves markets with nothing concrete to price. For cross-border trade and the peso-linked assets that track it, the practical question is whether this is a narrow arrangement or something broader, since that distinction drives far more than the headline itself. Whether any agreement is actually formalized, and what it covers, remains the open question.