Eleven days after President Claudia Sheinbaum announced a pause in tariffs on Mexico, US Treasury Secretary Scott Bessent set a deadline for reaching a trade agreement with the Trump administration. Bessent stated that the US plans to conclude negotiations with countries that have not yet secured a trade agreement by the end of October, according […]
Cautiously amid US financial measures, the Real Estate Association reports a drop in sales of “plus” homes.
The Querétaro Real Estate Association (AQI) reported a decrease in the sale of “plus” homes, valued at approximately 20 million pesos. President Guadalupe Zarazúa mentioned that this is because investors in these properties prefer to be cautious in the face of US economic policies. Therefore, this year the real estate agents’ association perceived a slowdown […]
Mexico’s strong copper export business is aimed at Asia, not the US.
In Cananea and Nacozari, copper never sleeps. The earth opens, the rock creaks, and the metal flows. But it doesn’t head toward Texas or Arizona. It goes straight to the Pacific. It goes to China and Japan, where it commands higher prices, is refined, and is consumed. While Donald Trump launches a new tariff on […]
Mexico and the U.S. join forces to reduce wastewater flow between Tijuana and San Diego.
The governments of Mexico and the United States reached an agreement on Thursday aimed at finding a permanent solution to a crisis in which Mexican wastewater has flowed for decades into the Tijuana River and across the US border, emptying into the Pacific Ocean near San Diego. U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin […]
The Mexican peso appreciates against the dollar after comments from the Fed governor.
The Mexican peso is gaining ground against the dollar this Friday morning. The local currency is gaining ground after Federal Reserve (Fed) Governor Christopher Waller said yesterday that he continues to believe the central bank should cut rates this month. The spot exchange rate is at 18.7178 per dollar. Compared to yesterday’s close of 18.7569, […]
$10 million in cryptocurrency seized from the Sinaloa Cartel in the United States
In an operation led by the Drug Enforcement Administration (DEA), U.S. federal authorities announced the seizure of $10 million in cryptocurrency directly related to the Sinaloa Cartel. This action represents a blow to the Mexican criminal group’s financial structure, officials reported during a press conference held on July 15 in Miami. The announcement was made […]
Business leaders close ranks to accelerate Plan Mexico
Mexican business leaders yesterday joined forces with President Claudia Sheinbaum in the face of the global economic slowdown and agreed to accelerate the consolidation of Plan Mexico. This morning, the President stated that this strategy seeks to offset potential losses generated by the current period of uncertainty with the United States in various sectors and […]
English Proficiency Tests Hit Mexican Truckers: 40 Lose US Commercial Licenses
A new executive order issued by President Trump has led to a crackdown on Mexican truckers driving on U.S. highways without sufficient English proficiency. According to industry officials, forty truckers have lost their privileges to drive in the United States due to their lack of English skills. The order, which took effect on June 26, […]
California lawmakers ask Trump to address sewage pollution from Mexico
Several California state assembly members are asking President Trump to declare a state of emergency as a way to quickly mitigate sewage pollution that for decades has been tainting the Tijuana River Valley just north of the border. On Tuesday morning, legislation known as AJR 16, received unanimous support in the Assembly’s Environmental Safety and […]
The Powerful Families Behind Mexico’s Tourist Industry in Cancun
Behind the sun-kissed beaches and luxurious hotel complexes of Mexico’s Riviera Maya lies a complex web of economic power and influence. At the heart of this industry are five millionaire groups that control Quintana Roo’s hotels, theme parks, and other tourist developments. Quintana Roo, known for its stunning white-sand beaches and turquoise waters, has become […]