The plan will fund the development of four combined-cycle and seven hydroelectric plants across Mexico, which will help the country reach 99.99 percent electricity coverage nationwide
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The 25 percent tariff on cars manufactured in Mexico that are non-compliant with the USMCA have caused many auto manufacturers to restructure their production and distribution strategies, spurring calls within Mexico for governmental action to support manufacturers and workers.
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Mexican President Claudia Sheinbaum highlighted her government’s relationship with the United States as a key factor behind being spared from Trump’s sweeping global tariffs
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The Secretariat of Finance and Public Credit adjusted its gross domestic product growth estimates for 2025 and 2026 in light of uncertain U.S. economic policy and lowered private investment in Mexico
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Meanwhile, Mexican President Sheinbaum encouraged protests against the tariffs and said Mexico may seek alternative trade partners to the United States should the tariffs stay in place
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The U.S. federal executive confirmed his 25 percent tariff on Mexican goods will also affect Canada and the European Union beginning in April
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During Flag Day commemorations, Sheinbaum also asserted Mexico’s sovereignty and independence amidst concerns over U.S. interference
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Recent reports indicate that U.S. refineries are rejecting crude oil shipments from Mexico’s Pemex due to excessive water content, significantly impacting Mexico’s oil export status
Read moreMexico’s exports to the United States reached an unprecedented $505.851 billion in 2024, highlighting the robust bilateral trade between the two nations – despite potential tariff implications
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The GN troops were deployed to the U.S.-Mexico border to enhance security and prevent fentanyl trafficking, following an agreement with the United States that temporarily suspends proposed tariffs on Mexican goods
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