Friday, July 12, 2024


Rows of 500 peso bills just printed in Mexico's currency minting facilities.s

Peso strengthens in response to release of US inflation data

U.S. inflation data issued Thursday boosted Mexico's peso to 17.78 to the U.S. dollar at market closing, its highest value since June 5.
A steel furnace pouring molten steel.

New tariff policies on Mexico steel, aluminum exports target China

Mexico and U.S. officials said the new U.S. policy will keep China from evading U.S. steel and aluminum tariffs by going through Mexico.
DHL worker in Mexico moving boxes on an conveyor belt in a warehouse

Announced investment in Mexico in 2024 so far totals over US...

The Economy Ministry says that companies have already exceeded last year's total value of announced investments by more than US $10 billion.
Mexico flag and Canada flag

More than maple syrup: Canadian food companies are expanding in Mexico

The head of Export Development Canada in Mexico shares the story of Canadian food businesses who are exporting products to Mexican store shelves.
Mangos for sale at a market

Headline inflation in Mexico increases for fourth consecutive month in June

The annual headline inflation rate last month increased more than expected, but core inflation continues to decline.
President-elect Claudia Sheinbaum speaks at a conference.

With 10 new industrial corridors, Sheinbaum hopes to boost economic growth across Mexico

Sheinbaum's economic development plan builds on the Maya Train, Felipe Ángeles International Airport, and other recent infrastructure projects.
A Mexican flag flying in Mexico City's business district

Foreign direct investment in Mexico forecast to increase 8% in 2024

COMCE, a Mexico City-based private sector organization, predicts that FDI will increase to US $39 billion this year.
Two hands count Mexican pesos, a currency that is recovering from a recent depreciation

With boost from US economic data, peso appreciates for third day in a row

Mexico's peso appreciated against the US dollar for a third consecutive day Thursday. Experts attributed the increase to a slowing US economy.
Shipping containers at the Lázaro Cárdenas port

Mexico’s exports to the US hit an all-time high in May

Mexico's export revenue to the U.S. increased by 6.1% annually in May to reach almost US $44 billion.
An aerial view outside an industrial park with many containers parked on the paved parking lot.

Nearshoring prompts developer Thor Urbana’s purchase of 9 industrial parks

Known mainly for high-end residential and commercial sites in Mexico, the company says it hopes to benefit from the nearshoring trend.
Jorge Guajardo

5 questions about China’s impact on US-Mexico trade: An interview with Jorge Guajardo

Mexico's longest-serving ambassador to China shares his insights on how Mexico should approach trade policy and how to protect Mexican industry.
Data center

Google announces first data center region in Mexico

The new cluster of data centers is expected to begin operations in 2025 and will support the company's cloud computing business.
A glass with Coca Cola poured into it

No more fizz? How a steelworks strike puts carbonated beverage production at risk

The strike began in late May at the ArcelorMittal steelworks in Michoacán, and is having downstream affects on various industries nationwide.
BYD Executive Vice President Stella Li at the launch of the company's Dolphin Mini electric car in Mexico in February. (BYD)

USTR reports on concerns about Chinese automotive investment in Mexico

The U.S. Trade Representative's report says Chinese automotive investment in Mexico poses "challenges" to enforcing the USMCA free-trade pact.

Mexico seeks deal with Ganfeng Lithium over canceled mining concessions

After Ganfeng filed an international arbitration case last week, Mexico says it's ready to deal.
Schneider Electric's "Smart Factory" in Monterrey, one of four plants forecast to reach net-zero status in 2025.

Schneider Electric CEO in Mexico says he ‘believes’ in nearshoring

With 10 plants and one in construction, Schneider Electric is ready to capitalize on Mexico's nearshoring potential.