Mexican peso, Canadian dollar slide on threat of 25 tariffs
Asian stocks decline, led by Japan amid risks to exporters
Chinese stocks resilient as tariffs less than mooted 60

TOKYO, Nov 26 Reuters The dollar rallied sharply on Tuesday after U.S. Presidentelect Donald Trump pledged tariffs on all imports from Canada and Mexico, and additional tariffs on China.

Asian stocks declined, giving back some of the robust gains of the previous session, when they were buoyed by the nomination of fund manager Scott Bessent as Treasury Secretary, considered by investors as a voice for Wall Street in Washington.

Bessent39;s appointment had also led to a sharp fall in U.S. yields as investors scooped up Treasury bonds, sending the dollar sliding in the previous session.

It39;s almost as if Trump wants to remind markets who is in control, after nominating Scott Bessent as Treasury Sec a man markets expected to cool Trump39;s potency, said Matt Simpson, senior market analyst at City Index.

With the Canadian dollar rising against the Mexican peso, markets are assuming this will hit Mexico the hardest.

The dollar jumped 1.5 to 20.5810 Mexican pesos as of 0549 GMT on Tuesday, and climbed 0.9 to C1.4115 .

It strengthened 0.25 to 7.2644 yuan in offshore trading , after earlier reaching the highest since late July at 7.2730 yuan.

Australia39;s risksensitive dollar which also tends to reflect the outlook for top trading partner China declined 0.25 to 0.6488, after earlier dipping…