Friday, April 25, 2025

Real estate treasures in Chihuahua state you can’t miss in 2025

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Lodge Cabin in Creel, Chihuahua
These real estate opportunities in the northern state of Chihuahua are a must-see. (VEKA Grupo Inmobiliario/Inmuebles24)

A combination of factors makes the northern state of Chihuahua a reference point for real estate in Mexico. Among these reasons are its unique natural and touristic attractions, such as the tour through the Sierra Tarahumara and Copper Canyon, the Basaseachic Falls and the rail line known as El Chepe. 

The Historic Center of Chihuahua city has been included in the national list of Barrios Mágicos (Magical Neighborhoods). In January 2024, the state launched its own Traditional Towns program, with the first edition recognizing and five municipalities: Guerrero, Jiménez, Riva Palacio, Rosales and Allende

Statistics suggest that Chihuahua is one of the fastest-growing regions for nearshoring, along with Coahuila and Nuevo León. For this reason, Chihuahua will host the Mexican Association of Real Estate Professionals’ (AMPI) national convention next year, which is expected to attract more than 1,200 national and international real estate consultants.

Real estate opportunities in Chihuahua to look out for in 2025

Downtown Chihuahua city

Apartments for sale located in the historic center, Av. Independencia. The historic center of the city is one of the best preserved and notable for its baroque architectural works. In its streets you can find all kinds of shops such as clothing stores, restaurants, government offices, tourist offices, etc.
These lovely lofts are located in Chihuahua city’s Historic Center and are among the best preserved in town. (Mobilé/Inmuebles24)

On the corner of Avenida Independencia and Calle Morelos stands the historic building known as La Nacional, constructed in 1940. In its early years, it housed an insurance company. Recognizable by its quarry facade and foyer featuring onyx stone details, this building has been restored while preserving its original design. Some of the building’s apartments are currently for sale, and they are true gems, both for their historical value and modern touches.

Creel

Lodge Cabin in Creel, Chihuahua
Winter days might feel just right in these lovely Chihuahan cabins. (VEKA Grupo Inmobiliario/Inmuebles24)

Nestled in the enchanting woods of Creel, Chihuahua — a Pueblo Mágico located in the Sierra Tarahumara, home to the Rarámuri peoplethis cabin sits on a plot totaling 3,043 square meters. The home spans 91 square meters, is completely new and offers water and electric services. Undoubtedly, the added value of this property lies in its natural setting.

Cuauhtémoc

It is located in the third most important city in Chihuahua, known as the land of the three cultures for being the cradle of the Rarámuri, Mestizo and Mennonite cultures.
This beautiful house has the style of the rustic traditional houses of one single floor in Mexico (Cuauhtémoc LM Inmobiliaria)

This classic rustic Mexican home is situated on a single floor. With a total area of 645 square meters and an equal area of construction, this space is filled with light, green areas, wooden floors, skylights and numerous windows. Among other amenities, it features five bedrooms, a foyer with a fireplace and a half bath, a bar, a wine cellar, a laundry room, a garage for three cars, solar panels, a hydropneumatic system and an alarm system. It is located in the third most important city in Chihuahua, known as the land of the three cultures for being the cradle of the Rarámuri, mestizo and Mennonite cultures.

San Felipe

With a beautiful terrace and large rooms, this house is a jewel in one of the best neighborhoods in Chihuahua City
With a beautiful terrace and large rooms, this house is a jewel in one of the best neighborhoods in Chihuahua City. (Casa Blanca Bienes Raíces)

Located in one of the most important neighborhoods of Chihuahua city, the state’s capital, this house is built on a single floor and features a beautiful terrace. It has a construction area of 279 square meters and a total area of 420 square meters and includes three bedrooms, three parking spaces and stunning wood floors. One of its greatest points is an apartment in the back, which is available for remodeling.

Saucito, Chihuahua city

TORRE QUORUM, DISTRITO UNO, El Sauz, Chihuahua
The only lofts in the heart of Chihuahua. (Mobilé/Inmuebles24)

Located in the “commercial, culinary and social heart of Chihuahua,” this loft boasts an attractive design and offers amenities such as a pool on its terrace and a dining room with a view. The space is filled with natural light due to its numerous windows. The building also features a gym and private security, among other facilities.

Villa Valle de Allende

Villa Valle de Allende is one of the new towns called Traditional Towns in this state and this house is in the heart of its downtown
Villa Valle de Allende is one of Chihuahua’s new Traditional Towns. (Inmuebels24)

Located Allende, in one of the municipalities recently designated as a Traditional Town by Chihuahua’s tourism authority, this house-apartment is situated in the heart of downtown, which is a gem in itself. The construction spans 193 square meters, with a total area of 229 square meters thanks to its small garden. It features two bedrooms, one and a half bathrooms and a well-thought-out layout.

Ana Paula de la Torre is a Mexican journalist and collaborator for various outlets including Milenio, Animal Político, Vice, Newsweek en Español, Televisa and Mexico News Daily.

Peso falls to 20.9 to the dollar in its fourth consecutive day of depreciation

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A Mexican 20-peso bill and a U.S. 20-dollar bill on an abstract black background. The Mexican bill is laying over the U.S. bill.
The peso kicked off Semana Santa (Holy Week) at nearly 20 to the dollar. (Shutterstock)

The Mexican peso depreciated in early trading on Tuesday, losing ground against the US dollar for a fourth consecutive day as 2024 comes to a close.

After closing at 20.66 to the greenback on Monday, the peso fell to 20.90 shortly before 2 p.m. Mexico City time on Tuesday. The tumble marked a 1.16% depreciation, bringing the peso to its weakest position in all of 2024.

The peso’s depreciation on Tuesday came after the currency fell 1.67% against the greenback on Monday.

The expectation that the Bank of Mexico’s benchmark interest rate will continue to decline in 2025 after five cuts this year is one factor contributing to the decline of the peso in recent days. Concern over the potential impact of the second Trump administration on the Mexican economy is another.

United States President-elect Donald Trump, who will take office on Jan. 20, has pledged to impose a 25% tariff on all Mexican exports on the first day of his second term and keep it in place until Mexico does more to stop the flow of drugs and migrants to the U.S.

In a post to X on Tuesday morning, Banco Base’s director of economic analysis, Gabriela Siller, attributed the recent depreciation of the peso to “fear” over Trump’s return to the White House.

“The exchange rate is shaping up to end the year at close to 21 pesos per dollar. There is fear over the return of Trump,” she wrote.

Cipactli Jiménez, an independent investment adviser, told the El Economista newspaper that “there is great uncertainty” regarding the relationship Mexican President Claudia Sheinbaum will have with Trump.

Uncertainty over the impact the policies of the second Trump administration will have on the Mexican economy “is reflected in the [current USD:MXN] exchange rate,” he added.

The worst year for the peso since 2008 

According to Yahoo! Finance, the Mexican peso closed at 16.86 to the US dollar on Dec. 31, 2023. Thus the peso has depreciated around 19% in 2024.

Compared to the 16.30-to-the-dollar rate the peso reached in April, the depreciation is almost 22%.

The peso depreciated sharply after the ruling Morena party’s comprehensive victory in Mexico’s June 2 elections. Concern over Morena’s constitutional reform agenda, especially the judicial overhaul that Congress approved in September, was a major factor in the decline.

The election of Trump in early November, and the former and future president’s tariff threats, placed additional pressure on the peso.

On Monday, Siller noted on X that the peso was on track to record its fourth-worst year since Mexico implemented a free-floating exchange regime in 1995.

“If the exchange rate ends the year at today’s level (20.55 pesos per dollar) it will be the fourth largest annual depreciation [for the peso] since we’ve had the free-floating exchange regime,” she wrote.

The Banco Base analyst said that the annual depreciation this year would rank behind a 51.63% decline in 1995, a 22.87% depreciation in 1998 and a 25.46% weakening in 2008 amid the global financial crisis.

With reports from El Economista, Reuters and Bloomberg Línea

We’ve been here before: Should Spain apologize to Mexico?

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His Majesty King Felipe VI received the President of Castilla-La Mancha, Emiliano García-Page, this afternoon at the Zarzuela Palace.
King Felipe VI was not invited to President's Sheinbaum inauguration — Mexico is still expecting an apology from Spain. (Emiliano García-Page Sánchez/Wikimedia Commons)

My very first article at Mexico News Daily was about then-President López Obrador’s request that Spain officially apologize for the conquest. My thesis was, basically, why not apologize?

The powers that be in Spain scoffed, saying that historical events shouldn’t be judged through a modern lens. A few op-ed pieces were written about it in the Mexican papers, and people fought about it on Facebook for a bit. Upper-class Mexicans especially rolled their eyes.

Jesús Ernesto, Obrador's son, chats with Felipe VI, King of Spain, during the session of the General Congress in which Andrés Manuel López Obrador was sworn in as President of Mexico.
In the picture, AMLO’s youngest son talks to King Felipe VI of Spain — months after his father asked Spain to apologize for the horrors committed during the Conquest. (Diego Simón Sánchez/Cuartoscuro)

“The Spaniards of today are not the same people, and neither are we, duh.

The idea seemed to die down as more pressing matters inevitably took its place. But it apparently had not been put to bed once and for all. With the inauguration of President Claudia Sheinbaum, and later in a morning press conference, it was revived.

First, there was her inauguration. The same king of Spain who rejected an apology the first time around, King Felipe VI, was not invited. As a result, Spain sent no guests at all. Yikes!

I know it’s diplomacy, and maybe it’s because I’m currently binge-watching “Downton Abbey,” but these kinds of tiffs strike me as kind of adorable. Royalty: they’re just like us! Not invited to the big party? Everyone’s going to hear about it, now!

Claudia Sheinbaum, President of Mexico, answers questions from the press at the People's Conference at the National Palace.
President Sheinbaum did not invite King Felipe VI to her inauguration earlier this year. (Daniel Augusto/Cuartoscuro)

One of the reasons given by Sheinbaum for not extending the invitation was that King Felipe had not responded to López Obrador’s letter requesting the apology. Spain’s Prime Minister, though, was not convinced. He called it “unacceptable and inexplicable, given the level of relations between Spain and Mexico, two ‘brother’ countries.” Spain did not send a delegation to the inauguration.

“Brothers,” hmm. Well, Mexico and Spain have always had a rather tough relationship. Is it any wonder they’d occasionally participate in a tit-for-tat?

I’m sorry is all that you can’t say…

Perhaps they’ll take a page from Tracy Chapman’sBaby Can I Hold You” and love each other despite the lack of apology? Or cooperate, at least, which is what they seem to be doing. So what about the apology?

I don’t know a whole lot about diplomatic relations, but I do know about pride and stubbornness. And one thing I know for sure is that apologizing can be hard, especially if you don’t think you should have to.

16th-century Mexica Codex of smallpox victims
Among the many atrocities that the Spaniards committed during the Conquest were creating the circumstances for waves of European diseases to kill up to 80% of Mexico’s Indigenous population. (Wikimedia Commons)

I also know that culturally, saying “I was wrong, I’m sorry,” is not easy, especially here. I can’t count how many people I know whose only version of the phrase is, “I’m sorry, but…” They then launch into all the reasons that they are right, and so of course don’t need to apologize. There are even some people who I’ve never heard apologize a single time. Say why they shouldn’t, sure, but accept responsibility?

So I’m not saying that Spain should apologize because it’s currently responsible for the atrocities committed during the Conquest. I’m saying Spain should apologize because it would be symbolically important to a lot of people.

Because while the number isn’t quite as high, in addition to the “I’m sorry, but…” people, I know quite a lot who simply hate Spain and Spaniards. Why? “Because of what they did to us.” Sigh.

From the Conquest of México series.Depicts the 1521 Fall of Tenochtitlan by Spanish Conquistador Hernán Cortés, in the Spanish conquest of the Mexica Empire.
A depiction of the fall of México-Tenochtitlan, by the hands of the Spaniards, in 1521. (Wikimedia Commons)

To me, this has typically been just virtue-signaling. I don’t see anyone, for example, refusing to speak their language or worship their gods. “I’m discerning and angry because I have a sense of history.” Cool, cool. Is there anything you’re doing to help indigenous people today, then?

In the case of Morena, the answer is actually “kind of,” which is more than past administrations can say. Not only have they been included symbolically in high-level government ceremonies. Many of the current government programs aimed at helping those in poverty go to them, and justice plans for Indigenous people are being created and carried out under Morena’s government.

So come on, Your Majesty. Surely an important symbolic leader could give an important symbolic apology, right? It’s certainly not unprecedented, and it would make some people very happy. Can we not just do something to make some people happy?

According to the current and former presidents, the purpose of the apology is to simply acknowledge what happened, and to put it behind us. No one is asking Spain for reparations, though I wonder if they’re afraid of such requests to follow if they give an admission of guilt.

The constitutional president of the United Mexican States, Claudia Sheinbaum Pardo, during the ceremony of the indigenous peoples and the Afro-Mexican people where she was given the Staff of Command, on the zócalo square in Mexico City.
Justice plans for Indigenous people are being created and carried out under the Morena government. (Edgar Negrete Lira/Cuartoscuro)

Perhaps that’s some of their reluctance. Because what is an apology without an offer to make amends?

Empty.

It could be that they don’t want to put themselves into a situation of being pressured to pay for it somehow. It could also be — this is a big maybe — that they don’t want to sound like hypocrites for offering an apology without suggestions for making it right.

Perhaps to them, it’s akin to the land acknowledgements found of late in the United States and Canada. If you’re not familiar with them, they’re essentially statements by the descendants of colonizers saying, “We recognize and honor you.”

I’m a card-carrying liberal, but this seems both silly and insulting to me. “We want to show we’re good people by saying we see you, but please, oh God, please do not suggest actual reparations.”

In the end, we’ll just have to see what happens. Mexico may never get its apology, or it may get it tomorrow. When a reporter pointed out former President Calderón having criticized the insistence on an apology, she quipped back. “Do you think that Calderón will someday apologize for the war on drugs?”

I’m not holding my breath for either apology.

Sarah DeVries is a writer and translator based in Xalapa, Veracruz. She can be reached through her website, sarahedevries.substack.com.

Best of 2024: Life in Mexico according to Sarah DeVries

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A tiendita in Mexico
Reading Sarah DeVries' column is like stepping into your neighborhood tiendita — you might arrive without a list, but you always leave with exactly what you needed. (Unsplash)

Mexico News Daily’s resident thinker, explainer, seer, doer and dog-loser has had a busy 2024. It’s not been an easy year of explaining the myriad differences between life in the United States and life in Mexico — but she sure has tried. 

From rounding up the best of Mexican memes to curing hangovers or teaching us all how to curse appropriately, Sarah has worked tirelessly to bring MND readers closer to life as a real Mexican. If a real Mexican was born in Texas, that is.

So sit back, get ready to laugh and enjoy some of the best slice-of-life pieces we published in 2024.

How to spot a foreigner

Ever see someone walking down a street in Mexico and just know they’re not from around here? It’s like playing “Spot the Gringo,” and while Mexicans are generally friendly, foreigners tend to stand out like a sore thumb. Their outfits scream comfort over style —athletic sandals, anyone? And their faces? Smiling at everyone like they’re auditioning for the “Nice American” role. Then there’s the way they look at people — overdoing eye contact and forcing everyone they pass to be their new best friend.

Of course, there’s also the gringo habit of leaning on everything — because why stand when you can lean? And when navigating narrow sidewalks, they’re always in a rush, showing that classic gringo urgency. Oh, and they love staring — whether it’s a leaf or a piece of trash, it’s all fascinating. Blending in? Not their forte. But they sure have a knack for making their presence known!

The tell-tale gringo: how to spot a foreigner in Mexico

Beauty is in the blue eye of the beholder

Dating in Mexico is like a confusing game of “Who’s the prettiest?” where it’s not just about skin color but also social class. Racism in Mexico is a mix of classism and colorism.

Unlike the U.S., where races were segregated by law, Mexico’s complex mestizo history has created a society where darker skin often means poverty and fewer opportunities. Wealthy Mexicans? They’re mostly lighter-skinned, thanks to centuries of colonialism. This is why Mexican beauty standards are Eurocentric — blonde hair, light eyes, the works. But if a foreigner marries someone darker-skinned, Mexicans sometimes wonder, “Why choose that?” Casual racism? Definitely. 

Beauty is in the blue eye of the beholder

Digital nomad blues

Typing away in Veracruz’s Heroica taproom, sipping beer and watching housing prices skyrocket around her, Sarah DeVries looks like the quintessential digital nomad. But hold on — she’s not exactly living the dream. Sarah has been in Mexico for decades, long before online work became a thing. Back then, her first job in Mexico involved working in education, getting paid in cash, and dreaming of a microwave.

Fast forward to 2011, and she snagged her first online gig with Open English. Things were looking good, until a lawsuit from a fellow worker turned her perfect gig into a nightmare.

Cue the existential crisis. As U.S. employers increasingly restrict remote work to workers based in the actual United States, Sarah’s realizing that maybe freelancing is just as stable of a strategy as taking a traditional full-time job.

The digital nomad blues and a tale of remote work caution

When everybody wants the ‘real’ Mexico

Twelve years ago, while living in Querétaro, Sarah and her sister decided to visit San Miguel de Allende, thinking it was the perfect, authentic Mexican town. Nestled in the mountains with mild weather, charming streets and a lovely artisan market, it seemed like the ideal getaway. But as they wandered the Zócalo, they couldn’t help but notice something odd: they were passing more expats than actual Mexicans. San Miguel, it turned out, had become a retirement haven for U.S. and Canadian expats. 

So, what is the “real” Mexico? The idea often floats around that places like Cancún or Los Cabos aren’t “authentic,” but what if the “real” Mexico is constantly shifting? After all, when new arrivals — whether from abroad or other parts of Mexico — move in, they change the landscape, often making locals lament that their beloved towns are no longer the same. In Querétaro, for example, natives grumbled about the influx of Chilangos (people from Mexico City), who were “ruining” the city with their traffic and looser morals. Sound familiar?

The truth is, places change. Newcomers bring both benefits (more services!) and drawbacks (more traffic!). And while we love discovering hidden gems, we also secretly wish they stay hidden… until we arrive. Then, it’s like, “Sorry, but now it’s ours. Please don’t come.” 

Welcome to the complicated nature of gentrification and tourism.

When everyone wants the “real” Mexico

Should I get offended?

Gringos and Mexicans make a pretty great pair — like peanut butter and jelly, but with a surprise dollop of salsa. Our cultural personalities mesh well, unlike, say, the classic tension between U.S. and French citizens. But even the loveliest matches have their moments. Sometimes, gringos get downright annoyed. And sometimes, Mexicans are left wondering if their new gringo friend was raised in a pressure cooker.

In Mexico, time is more of a suggestion. If you’re rushing, this might not be the place for you. Get used to it. Parties? They start when they start. No one’s apologizing for showing up three hours late. The goal is being there, not being punctual.

Now, gringos, listen up: don’t show your impatience too obviously. Mexican patience is legendary, but if you’re too loud about it, you’ll get on their nerves faster than a neighbor’s blasting music. Speaking of noise — this country is not a whispering library. If your neighbors are loud, well, welcome to Mexico. Complain all you want, but the noise won’t stop. The cops will show up, nod and leave, and the music will turn back up.

If you’re getting upset over all this, just remember the saying: “Si ya saben cómo soy, ¿para qué me invitan?” — “If you know how I am, why invite me?” So grab a beer, relax and don’t expect anyone to arrive on time. It’s Mexico, baby.

Should I get offended?

The American Know-It-All

We all know the classic American Know-It-All: always a guy, right? He’s the self-proclaimed expert on everything in Mexico — customs, holidays, traditions, what people like, don’t like, think, don’t think. He knows the best taco joints and the inner workings of Mexican families. Oh, and did I mention he barely speaks Spanish?

It’s like those Mexicans who claim English is super easy. They “understand perfectly,” they just struggle with speaking it. Okay, buddy. But if you don’t speak the language, I’m not following you around the country.

The American Know-It-All

On the other end of the spectrum, you have the actual Know-It-Alls. They throw out folkloric phrases, translate them for you, and expect you to be impressed. Pro tip: Don’t offer unsolicited expertise. Don’t assume you’re the most interesting person in the room. And definitely don’t explain Mexico to Mexicans.

Mexicans, for the most part, let these guys be. Maybe they whisper a “qué pendejo” later, but they don’t dwell on it. Turns out, we’re all a bit clueless sometimes—and that’s okay. Just don’t make it your thing.

If you’re interested in more Sarah DeVries, you can find her complete writing for Mexico News Daily here.

Sheinbaum casts doubt on New York Times fentanyl report: Monday’s mañanera recapped

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Mexican President Claudia Sheinbaum stands at a podium at her morning press conference, where she discussed a recent New York Times report on fentanyl production in Sinaloa
President Sheinbaum accused the New York Times of committing significant errors in its recent report on fentanyl production in Mexico. (Presidencia)

After visiting the states of Jalisco and Tlaxcala on the weekend, President Claudia Sheinbaum was back at the National Palace in Mexico City on Monday for her morning press conference.

At her mañanera, as the president’s weekday morning presser is colloquially known, Sheinbaum spoke about a range of things including a New York Times Mexico dispatch from a fentanyl lab in Culiacán and the ruling Morena party’s apparent media strategy in response to Donald Trump’s promise to designate Mexican cartels as foreign terrorist organizations on his first day in office.

NYT report on fentanyl production in Sinaloa ‘not very credible,’ says Sheinbaum  

Sheinbaum noted that The New York Times published a report on Sunday about fentanyl production in Sinaloa.

“An article came out that is important to highlight, in which two reporters allegedly go into a fentanyl laboratory,” she said.

“We talked about it in the security cabinet [meeting] today,” Sheinbaum said of the report headlined “‘This is What Makes Us Rich’: Inside a Sinaloa Cartel Fentanyl Lab.”

The president subsequently asserted that the photographs accompanying The New York Times report don’t in fact show the production of fentanyl. She claimed that the photos (and video) actually show the production of methamphetamine.

Mexican authorities remove fentanyl pills, methamphetamine and cocaine from a drug lab found in Culiacán, Sinaloa, in February.
Mexican authorities remove fentanyl pills, methamphetamine and cocaine from a drug lab found in Culiacán, Sinaloa, in February. (FGR/Cuartoscuro)

“The production of methamphetamine is one thing and another very different thing is [the production of] fentanyl,” Sheinbaum said.

“… So [the report] is not very credible, let’s put it like that,” she said.

Fentanyl is not produced in the way the Times’ photographs demonstrate, Sheinbaum asserted.

“Fentanyl is produced in other ways,” she said, adding that either the Navy Ministry or health regulator Cofepris “could report on” the methods used to produce the synthetic opioid largely responsible for the drug overdose crisis in the United States.

“The photographs aren’t credible,” reiterated Sheinbaum, who declared that her government would “scientifically prove” the alleged inconsistencies between the Times’ reporting and photos.

On Monday afternoon, The New York Times said on social media that it was “completely confident” in its reporting on “the production and testing of fentanyl in Mexico.”

“Our reporters spent months investigating the fentanyl industry, quoted current and former Mexican officials on the record about the production and testing of fentanyl in the country, and documented a fentanyl lab in Sinaloa. We stand by the reporting fully,” the Times said.

Earlier this month, Sheinbaum rejected a New York Times report stating that the Sinaloa Cartel had recruited chemistry students to make fentanyl. She suggested that the newspaper drew inspiration for the Dec. 1 report from the television series “Breaking Bad.”

Sheinbaum denies knowledge of Morena ‘media strategy’ in response to Trump’s pledge to designate Mexican cartels as terrorist organizations

A reporter noted that the El Universal newspaper published details of a document that was reportedly sent to all Morena senators last week.

According to El Universal, “the Morena bench in the Senate designed a media strategy to reject the policy announced by the President-elect of the United States, Donald Trump, to classify Mexican cartels as terrorist groups.”

El Universal reported that the document outlining the strategy said that “the designation of Mexican cartels as foreign terrorist groups would represent the imposition of policies contradictory to the social treatment [of problems of violence] in the quest for peace and justice.”

Among other things, the document also reportedly said that a U.S. designation of Mexican cartels as terrorist organizations “would weaken Mexico’s international image.”

In addition, it warned of possible “revolts and armed uprisings” in Mexico if the U.S. military were to carry out operations against Mexican cartels inside Mexican territory.

Donald Trump speaking at CPAC 2011 in Washington, D.C.
The Morena party bench of the Senate designed a media strategy to speak out against Trump’s promise to designate Mexican cartels as terrorist groups, El Universal recently reported. (Gage Skidmore/Wikimedia Commons – Creative Commons Attribution-Share Alike 2.0)

Asked whether she knew about “these alarmist positions of Morena in the Senate,” Sheinbaum responded that she did not.

“I don’t know who drew up the document, I don’t know it,” she said. “I don’t want to offer an opinion on a document that I don’t know.”

Sheinbaum stressed that she didn’t know whether a single senator or a group of Morena senators wrote the document. She also said she didn’t know the “motive” of the document.

“What is important,” Sheinbaum said, is that Donald Trump, during his first term as U.S. president, had a “very good” and respectful relationship with former Mexican president Andrés Manuel López Obrador.

“And that’s why I trust that we’re going to have a good relationship of respect, of coordination, not of subordination,” she said.

Sheinbaum wishes Mexicans ‘a happy 2025’

Sheinbaum, who won’t hold morning press conferences on Tuesday or Wednesday, wished Mexicans “the best this new year” as well as “a happy 2025.”

She said that her government would conduct “an evaluation” of 2024 in Mexico in economic, social and political terms and report its findings at her press conference on Thursday.

Sheinbaum added that the Mexican people took two “transcendent” decisions when they went to the polls in June.

“The first is that [they voted for] the transformation to continue,” she said, referring to citizens’ strong support for the ruling Morena party and the so-called “fourth transformation” of Mexico initiated by López Obrador.

“… And, at the same time, they took the great decision for a woman to govern our country for the first time. This is part of the transformation, they go together, not apart,” Sheinbaum said.

By Mexico News Daily chief staff writer Peter Davies ([email protected])

Mexico is sitting on 500 million liters of unsold tequila

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Barrels of surplus tequila sit in storage
Some tequila brands began cutting prices last year as consumer demand for the spirit weakened. (Germán Romero/Cuartoscuro)

Falling demand for tequila in the United States has left Mexico’s producers of the spirit with a surplus of unsold inventory, according to a Saturday report in the London-based Financial Times (FT).

Coupled with the prospect of tariffs being slapped on exports to the U.S. under President-elect Donald Trump, tequila’s glory days in the United States seem to be in peril.

“The tequila industry is set for a very turbulent 2025,” Trevor Stirling, an analyst with the financial management firm Bernstein, told FT.

“Much more new spirit is being distilled than is being sold, and inventories are starting to accumulate,” he added.

Half a billion liters of surplus tequila in storage

According to FT, Mexico was sitting on more 525 million liters of tequila in inventory at the end of 2023.

Also, about one-sixth of the 599 million liters of tequila produced last year remained in inventory — according to figures shared with FT by the Tequila Regulatory Council (CRT) — although some of that is being aged in barrels rather than waiting to be bottled or sold.

Bottles of Don Julio Mexican tequila sitting on a shelf
Nearly 100 million liters of tequila produced in 2023 remains in inventory — undergoing barrel-aging or waiting to be sold. (Shutterstock)

U.S. consumers’ thirst for tequila has grown rapidly over the past decade, in part due to a host of celebrity-backed brands such as comedian Kevin Hart’s Gran Coramino, model-influencer Kendall Jenner’s 818 Tequila and actor George Clooney’s Casamigos.

Another such brand, Santo — founded by celebrity chef Guy Fieri and rocker Sammy Hagar — was reportedly victimized by a heist in the U.S. last month that netted the thieves more than 24,000 bottles of the stuff.

Despite the robbery, demand for tequila in the United States has fallen over the past 18 months, with FT citing two reasons: a decline in the pandemic spirits boom and imbibers cutting back on their drinking due to higher prices.

FT wrote that sales of spirits in the U.S. shrank 3% during the first seven months of 2024, compared to the same period in 2023, based on data provided by IWSR, a leading analyst of the global alcoholic beverage industry.

Celebrity chef Guy Fieri, left, and rocker Sammy Hagar, right, holding boxes and a bottle of their brand of tequila, Santo as they pose for a publicity photo
Numerous celebrity tequila brands, like Santo by Guy Fieri and Sammy Hagar, cropped up during tequila’s boom years over the past decade. (Santospirit/Instagram)

IWSR, which originally stood for the International Wine and Spirits Record, noted that U.S. tequila consumption fell 1.1% during that span — well below its 4% rise in 2023 and 17% rise in 2021 at the height of the tequila surge, FT reported.

The volume of tequila exported from Mexico reached an apex of 418.9 million liters in 2022, marking the 13th straight year of growth.

Over that span, tequila exports from Mexico increased by 207% — and since 1995 the increase was a whopping 548%.

However, the export volume dipped to 401.4 liters last year, according to data from Statista.com, a 4.2% dropoff from 2022.

Tariffs threaten to deepen the tequila slump

Adding to the emerging tequila slump is Trump’s threat to hit Mexico, the U.S.’s biggest trading partner, with a 25% tariff on its goods.

“It would be shooting themselves in the foot because their consumers would have to pay much more,” said CRT president Ramón González.

Tequila shots with lime
Any tariffs on tequila would push up prices paid by U.S. consumers, according to the president of the Tequila Regulatory Council (CRT). (Shutterstock)

FT noted that Mexico relies on the United States to buy 83% of its exports.

Two-thirds of all tequila produced in Mexico was exported in 2023, FT reported, with 80% of that going to the United States. The next two largest export markets were Germany and Spain, with about 2% each, according to FT.

Tequila is protected by a designation of origin. Like French champagne or Italian parmesan cheese, products using the name tequila can be produced only in regions officially recognized by the Guadalajara-based CRT: most of Jalisco and parts of Nayarit, Michoacán, Guanajuato and Tamaulipas.

In addition, tequila must be made of at least 51% blue Weber agave, with an added requirement for “agave tequila” (such as blanco or silver) that all sugars come from blue agave.

Citing research by Bernstein, FT noted that large tequila brands have been cutting prices for more than a year in response to weaker consumer demand.

Moreover, the price of agave has plummeted from about 30 pesos per kilo to between six and eight pesos (for suppliers with contracts), or as low as two pesos on the spot market, according to producers and farmers, FT wrote.

With reports from Financial Times and Reuters

Tourism officials move to end airport taxi abuses at Cancún International

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Cancún will soon launch a program at the International Airport (AIC) to improve transportation, mobility and the traveler's experience
Taxis departing from the Cancún International Airport are known to charge tourists upwards of 100 dollars for a ride to the hotel zone. (Shutterstock)

Tourism authorities in Cancún are working to improve transportation, mobility and the traveler experience at Cancún International Airport, according to a recent announcement by Quintana Roo Tourism Minister Bernardo Cueto Riestra. 

The ministry’s efforts include resolving issues negatively impacting tourism to Cancún, including mistreatment of passengers, exorbitant taxi fares and frequent blockades in the resort city’s hotel zone.

In the announcement, Cueto noted that for several years, the local government had been detached from the happenings at the state’s airports. They are now striving to improve the traveler experience and become more competitive as a tourist destination. 

“We need to improve some aspects and dynamics at the Cancún airport to ensure our tourists have a better experience. This is crucial for … competitiveness,” Cueto emphasized.

Cueto explained that immediate actions include halting irregular transport services and improving taxi fares to ensure they are not determined by supply and demand. Authorities aim to enforce fair prices to reduce abuses by some taxi operators and improve passenger mobility. 

Taxis departing from the Cancún International Airport are known to charge tourists upwards of 100 dollars for a ride to the hotel zone. According to the rates established by the city, a one-way trip from the airport to the hotel zone should cost between 100 to 400 pesos (US $5 to 20). 

The confrontation between hitmen and members of the Judicial Police of Quintana Roo, in the Paraíso Maya subdivision, resulted in the death of the alleged leader of an organized crime group, known by the alias El Memín. The police officers, supported by members of the Mexican Army, were carrying out an operation in the subdivision to surround El Memín, who tried to escape and resisted capture. The alleged hitman fired from inside a taxi, with license plate 3457, against the members of the Judicial Police and the military, but was shot down by them during the shootout. Another alleged criminal, nicknamed El Flaco, was injured in the shootout, who received a graze and two bullet wounds in the arm. He, along with two others, were arrested.
Users and drivers of ride-hailing apps have experienced increasing acts of violence from taxi drivers in Cancún, who are known to charge higher fares than those determined by local law. (Amaranta Prieto/Cuartoscuro)

In addition to the pricing issues, users of rideshare apps like Uber have experienced acts of violence from taxi drivers. 

On Dec. 12, local police arrested three taxi drivers in Puerto Morelos, south of Cancún, for threatening a tourist for using a rideshare app. Videos posted on social media show drivers blocking an English-speaking tourist from getting into the rideshare car. Immediately after, the governor of Quintana Roo, Mara Lezama, said in a statement that the taxi driver’s license had been permanently revoked.

In January 2023, the Supreme Court granted permission for Uber and other rideshare platforms to operate in areas of Cancún and the Riviera Maya, but strong opposition from local taxi operators has led to conflict, increasing attacks by taxi drivers.

With reports from Vértigo Político, Por Esto! and Diario Cambio 22

Foreign Affairs Ministry mourns Jimmy Carter, champion of bilateral diplomacy

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Former U.S. president Jimmy Carter
Former U.S. president Jimmy Carter died at his home in Georgia on Sunday, aged 100.(Shutterstock)

Mexico’s Foreign Affairs Ministry (SRE) lamented the death of former U.S. president Jimmy Carter, who died at his home in Georgia on Sunday aged 100.

In a message posted to X, the SRE offered “its most sincere condolences … to the family of the former president, as well as to the people and government of the United States for this regrettable loss.”

As president from 1977-1981, Carter broke with prevailing U.S. foreign policy early in his term, outlining a vision based on protecting human rights. 

Carter proclaimed a new era in U.S.-Mexico relations, while also pledging to end the tradition of U.S. interventionism in Latin America. Additionally, he offered to support the development of democracy through multilateral cooperation.

That same year he signed the Torrijos-Carter Treaties, guaranteeing that Panama would gain control of the Panama Canal after 1999.

In 1978, Carter again put his new foreign policy into action, straddling the geopolitics of the Cold War while seeking solutions to address a revolution in Nicaragua, where the Somoza dictatorship had been seen as a U.S. ally. Carter criticized the military dictatorship’s abuses, pushed for a path to democratic transition and eventually ended military assistance to the Somoza government in January 1979.

Carter’s visit to Mexico in 1979

In February 1979, Carter made what the New York Times described as a “troubled visit to Mexico,” during which he and then-Mexican president Jose López Portillo agreed to start negotiations for the U.S. purchase of Mexican natural gas.

While in Mexico City, Carter spoke in Spanish to a joint session of Congress, famously quoting storied Mexican poet Octavio Paz: “What separates us is the very thing that unites us. We are two distinct versions of Western civilization.”

But he also spoke hopefully: “Our perceptions of each other have sometimes been distorted,” he said. “But we have made progress, and I believe that in the coming years we will make greater progress toward fuller cooperation, understanding and mutual respect.”

During the three-day visit to Mexico, the two presidents agreed to close consultations on the issue of undocumented Mexicans in the United States, but made little progress on other issues that divided the two nations, including trade and border control.

With reports from El Economista, Infobae, Milenio and The New York Times

Is Mexico the most democratic country in the world? Sheinbaum says it might be, thanks to judicial reform

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A Mexican voter fills out a ballot in a voting booth bearing the words "INE" and "El voto es libre y secreto."
Starting in 2025, Mexican judges will begin to be chosen by election rather than appointment. (Shutterstock)

President Claudia Sheinbaum said Sunday that Mexico is “perhaps” the most democratic country in the world given that it will hold judicial elections in 2025.

Speaking at an event in Tlaxcala, Sheinbaum highlighted that a number of constitutional reforms were approved by Congress in recent months, allowing Mexico to “recover the social sense” and the “patriotic sense of our Constitution.”

Mexican President Claudia Sheinbaum stands on a stage in Tlaxcala to say that Mexico is possibly the most democratic country in the world. A crowd of people in cowboy hats watches
The visit to Tlaxcala concluded Sheinbaum’s presidential tour of all 32 Mexican states. (Presidencia)

“Thanks to senators and deputies, this year something unique in Mexico and the whole world was approved. Next year, on June 1, thanks to one of the reforms to the Constitution, the judicial power will be elected by the people of Mexico,” she said, eliciting cheers and applause from attendees of the event in Panotla, Tlaxcala.

Sheinbaum noted that Mexico’s president and lawmakers are already “democratically elected” before emphasizing that the nation’s judges will soon be chosen by citizens as well.

“Now judges, magistrates and Supreme Court justices will be elected democratically. This makes us perhaps the most democratic country there is on the face of Earth,” she said.

“Our adversaries say there is authoritarianism but how [can there be] if it is the people who decide? Democracy is government of the people by the people for the people. And now the judicial power will serve the people of Mexico and the nation as it should have always done,” Sheinbaum said.

A man casts his ballot in a Mexican election
The first round of judicial elections are scheduled for June 1, 2025. (Victoria Valtierra/Cuartoscuro)

The president, like her predecessor Andrés Manuel López Obrador, has argued that judicial reform was needed to rid the nation’s courts of corruption and other ills. López Obrador submitted the reform proposal to Congress in February and signed it into law two weeks before he left office at the end of September. A second round of judicial elections in 2027 will follow those scheduled to take place on June 1, 2025.

Critics assert that the election of judges will lead to the politicization of Mexico’s judiciary. In a nutshell, they argue that Mexico’s courts will come to be dominated by judges sympathetic to the ruling Morena party’s agenda, thus removing an essential check on government power.

Candidates for judgeships will be selected by the president, the Congress — which is currently dominated by Morena — and the judiciary itself. In 2025, citizens will elect a total of 881 federal judges, including nine justices who will sit on the bench of the Supreme Court, two fewer than is currently the case.

“On June 1 next year,” Sheinbaum said on Sunday, “together we will elect justices of the Supreme Court of Justice of the Nation.”

“It is something historic,” she added.

The government has also faced criticism over some of the other reforms that were recently approved by Congress, including one that eliminated seven watchdog agencies.

Government critics have long argued that the incorporation of autonomous agencies into ministries and other federal departments would eliminate important counterweights to executive power and represent a backward step for democracy.

Sheinbaum has said that the reform will lead to “more transparency” and help to eliminate corruption while generating significant savings for the public purse.

Mexico News Daily 

What to expect for the Mexican peso in 2025, according to analysts

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500 Mexican peso bill to represent the currency's wobbling
Trump’s return to the White House, the Mexico-U.S. relationship and local fiscal policies are expected to impact the Mexican peso in 2025. (Shutterstock)

UBS Global Wealth Management managing director Alejo Czerwonko believes the Mexican peso will gain 4% on the US dollar in 2025, despite the currency weakening by 19% throughout 2024. 

His reasoning? An improvement — not a worsening — of bilateral relations between Mexico and the United States. 

Alejo Czerwonko
Alejo Czerwonko is a United States-based analyst with UBS Global Wealth Management and was named a Young Global Leader by the World Economic Forum in 2023. (WEF)

Rejecting the prevailing pessimism about future relations between North American neighbors, Czerwonko told the newspaper Milenio that the mutually beneficial bilateral relationship is very strong and can’t be overlooked when predicting the future of the peso.

“Of course, Mexico benefits from the United States, but the reverse is also true,” Czerwonko said. “If Washington really wants to reduce its economic dependence on China, the relationship [with Mexico] is part of the solution.”

Czerwonko predicted that the peso — which opened Monday at 20.31 to the US dollar — will trade at 19.50 to the US dollar by the end of 2025. This is stronger than most projections, but still weaker than the 18.70 exchange rate that Mexico’s Finance Ministry (SHCP) anticipates in 2025.

The peso’s tumultuous year in review

The 19% hit the peso took this year was its worst since 2016 though the decline in international oil prices was primarily to blame then, according to Milenio.

A 500 Mexican peso bill and a calculator.
The Mexican peso has taken a wild ride since mid-year, returning to its pre-2023 exchange rate of 20 to the dollar. (Shutterstock)

In April, the peso reached a nine-year high of 16.30 to the dollar. Shortly after, the currency started to slip, grazing an exchange rate of 18 by June 3. President Sheinbaum’s election on June 2 created nervousness about a perceived upward trend in absolutism, sending the peso on a downfall that was made worse by the Morena party’s passage of a controversial judicial reform in September

In recent months, the peso has hovered around 20 to the dollar, with December producing a depreciation of 0.46%. 

The exchange rate winds shifted dramatically this month as both the Mexican and U.S. central banks lowered their benchmark interest rates, inflation decelerated in Mexico and U.S. political news ahead of Trump’s Jan. 20 inauguration emphasized potential conflicts

Contrary to UBS, the news magazine Expansión cited analysts who see Mexico’s currency weakening to as much as 21 pesos to the US dollar.

Trump’s return to the White House, the uncertainty of the Mexico-U.S. relationship, broad geopolitical concerns and local fiscal policies are all expected to impact the peso in 2025, Expansión reported.

In contrast to SHCP’s bullish stance, Mexico’s central bank sees the peso finishing 2025 at 20.53 to the dollar. Other institutions surveyed by Expansión offered projections ranging from 18.5 by Banco Base to 21 by Monex Financial Group. 

Citibank Mexico (20.5), Finamex Casa de Bolsa (20.9) and Rankia Investment Group (20.5) also foresee a slight weakening in the peso next year. 

Banco Base analyst Gabriela Siller hedged on the bank’s positive projection, telling Expansión that if Trump does carry out his threat to slap tariffs on Mexican imports to the United States, the situation would become less certain.

With reports from Milenio, Expansión and ABC Noticias