By Andres Oppenheimer for The Miami Herald
Mexico’s incoming president Claudia Sheinbaum is sending the wrong signals before taking office: She has scared U.S. investors by actively supporting a controversial judicial reform, added fuel to a pointless spat with Spain, and invited the dictators of Cuba and Venezuela to her Oct. 1 inauguration.
Sheinbaum, a left-of-center protégé of outgoing populist president Andres Manuel Lopez Obrador, can hardly afford to pick fights with Mexico’s business community, or with its top trade partners. Thanks to the outgoing president’s ineptitude, the country’s economic growth has been recently downgraded by Mexico’s central bank to a meager 1.5 % in 2024, and 1.2 % in 2025.
More importantly, Mexico is scheduled to start negotiations next year to update its free trade agreement with the United States and Canada, which comes up for revision in 2026. More than 80% of Mexico’s exports go to the U.S. market.
If anything, Sheinbaum should have remained silent about Lopez Obrador’s populist judicial reform…
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Source: The Miami Herald
