Monday, July 14, 2025
Isaac del Toro, Tour of Austria

Mexican cycling star Isaac del Toro conquers Tour of Austria

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The 21-year-old cyclist, a member of the celebrated UAE Emirates road bicycle racing team, completed the 714.2-kilometer race on Sunday with a 29-second lead over Ireland’s Archie Ryan.
U.S. President Trump

US announces 30% tariff on Mexican goods as bilateral talks continue

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On Monday, President Claudia Sheinbaum expressed confidence that Mexico would be able to negotiate a deal to reduce, if not eliminate, the tariff.
tomato tariff mexico

Tomato tariff takes effect, threatening Mexican exports and jobs

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Mexico had previously reached an agreement with the U.S. to avoid dumping penalties for lower-priced tomato exports, but the U.S. decided to end the pact as of today, July 14.
Street protest with US flags

Mexicans’ opinion of the United States has soured drastically since Trump took office

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A recent Pew survey found that just 29% of Mexicans polled had a favorable opinion of the United States, the sharpest drop observed in any of the 24 countries Pew surveyed this year. 
A male tennis player, Andrey Rublev, with a blue headband and wristbands clenches his fist and shouts in triumph on the court, holding his tennis racket in his other hand.

Baja heats up as the Los Cabos Tennis Open begins

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One of only two ATP tennis tournaments to take place in Mexico, the Los Cabos Tennis Open offers the region's most exciting live sporting spectacle.
airplane in the air

Copa Airlines to connect Los Cabos with 20+ Latin American cities via Panama hub

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The new route to Panama City, set to launch in December, opens up easier access to the Baja California Sur resort mecca for Central American and South American tourists.
shell of a car on the assembly line

Mexican auto industry rebounds in June with record production

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After contracting the previous five months, the number of light vehicles assembled in Mexico during the first half of 2025 was higher than in any January-June period on record.
A close up shows a hand with a Nu credit card

With 12 million clients enrolled, fintech Nu Mexico closes in on acheiving bank status

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Nu has grown rapidly by catering to those with limited access to banking, and nearly a quarter of clients are first-time account holders.
bills of Mexican currency

Peso hits its strongest point so far this year

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Not since August of 2024 has the peso been stronger than its current 18.63-per-dollar rate.
Cargo shipping containers

Exports to US rebound in May after tariff-induced turbulence

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After an unusually weak April, Mexican companies appear to be adapting to new market conditions.
A Mexican man in scrubs and a facemask fills a syringe from a vial in a busy vaccine application center

Mexico’s pharma industry eyes growth with 13B pesos promised for drug development and manufacturing

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The companies plan to build or expand specialized facilities in México state, advancing the country's self-sufficiency in drug production amid medication shortages.
BYD building

Chinese EV maker BYD cancels its plans for a Mexico factory, citing ‘geopolitical issues’

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The company indicated that U.S. President Donald Trump's fluctuating tariff plans were a factor: "We want to wait for more clarity before making our decision.”
cows

Mexico-to-US cattle shipments to restart after tense battle with screwworm

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The flow of cattle, bison and horses will be phased in on a port-by-port basis, after it was shut down in May due to a renewed threat of screwworm infestation.
CIBanco

Visa suspends international transactions made with CIBanco cards

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CIBanco was among three Mexican financial institutions that were sanctioned by the U.S. Department of Treasury last Wednesday and accused of laundering millions of dollars for drug cartels.
Money laundering

US sanctions on CIBanco, Intercam and Vector could put Mexico on FATF grey list

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The recently imposed sanctions will be reflected in the Financial Action Task Force (FATF)'s next assessment of Mexico, which hasn't been assessed by the FATF since 2017.
Economy Minister Marcelo Ebrard shares a slide reading Plan Mexico at a press conference

Mexico rolls out tax incentives for 15 economic development hubs, aiming to create 300,000 jobs

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In the most recent phase of Plan México, the government established 15 economic development hubs, complete with tax incentives and new infrastructure.