MND_BUSINESS
Ensenada looks to attract big tech with US $300M in public...
The Baja California port and tourist city is focusing on attracting capital in three priority sectors: electronics, biotechnology and green energy.
Mexico’s trade deficit with China reached nearly US $120B in 2024
Mexico has doubled its trade deficit with China over the past 10 years, with exports of only US $10 billion in 2024, compared to a whopping $129.8 billion in imports.
US announces 30% tariff on Mexican goods as bilateral talks continue
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 takes effect, threatening Mexican exports and jobs
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.
Inflation eases in June, but not enough to rule out a slower rate-cut pace
The positive news was tempered by an accelaration of core inflation, suggesting that Mexico's central bank might end its four-month streak of 50-basis-points rate cuts.
Mexico attracts US $3.7B in Spanish investment in Q1 2025 following record 2024
First-quarter investment figures provide further evidence of Spain's growing confidence in Mexico, after Spanish firms invested €3.3 billion (US$3.86 billion) in 2024.
US tax on remittances could reduce household spending by 25%, says ANPEC
The president of the National Alliance of Small Business Owners (ANPEC) warned that the new 1% tax on cash remittances sent from the U.S. to Mexico could devastate domestic consumption.
Mexico to seek exemption from Trump’s 50% copper tariff
Mexico was the third-largest exporter of copper and copper products to the United States in 2024, behind Chile and Canada, with exports worth US $976 million.
Mexican auto industry rebounds in June with record production
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.
With 12 million clients enrolled, fintech Nu Mexico closes in on acheiving bank status
Nu has grown rapidly by catering to those with limited access to banking, and nearly a quarter of clients are first-time account holders.
Peso hits its strongest point so far this year
Not since August of 2024 has the peso been stronger than its current 18.63-per-dollar rate.
Exports to US rebound in May after tariff-induced turbulence
After an unusually weak April, Mexican companies appear to be adapting to new market conditions.
Mexico’s pharma industry eyes growth with 13B pesos promised for drug development and manufacturing
The companies plan to build or expand specialized facilities in México state, advancing the country's self-sufficiency in drug production amid medication shortages.
Chinese EV maker BYD cancels its plans for a Mexico factory, citing ‘geopolitical issues’
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.”
Mexico-to-US cattle shipments to restart after tense battle with screwworm
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.
Visa suspends international transactions made with CIBanco cards
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.
