MEXICO CITY (Reuters) - Mexico has enough resources to absorb financial shocks and navigate global challenges after the United States announced 25% tariffs on its goods, Finance Minister Rogelio Ramirez de la O said on Monday.

Ramirez de la O, speaking to investors earlier in the day, aimed to ease market jitters saying that Mexico was not only resilient but also remained a strategic and trustworthy destination for investors.

Global financial markets fell on Monday following the tariffs imposed on Canada, Mexico and China by U.S. President Donald Trump, while world leaders steeled themselves to respond to his next moves, with the European Union potentially next in line.

The peso lost about 1.57% against the dollar and was trading at 21.0260.

Ramirez de la O said Mexico's flexible exchange rate was the cornerstone of the country's macroeconomic framework.