Mexico

Europe

Economics

The European Union and Mexico updated their free trade agreement and enhanced bilateral trade and investments by slashing tariffs on agricultural and food products and eliminating non-tariff barriers to establish a level playing field in each other's markets, a press release by the European Commission showed on Jan. 17.

EU, Mexico: Revamped Trade Agreement To Move Forward, Pending Ratification

United States

China

Politics

Mexican President Claudia Sheinbaum announced an economic plan that aims to reduce imports from China, boost investments and develop 100 business clusters across the country, Reuters reported Jan. 13. 

Mexico: Government Plans to Reduce Chinese Imports Unlikely to Prevent U.S. Tariff Threats

Canada

Aides of U.S. President-elect Donald Trump are considering placing tariffs on imports from all countries, regardless of origin, that target certain critical sectors, such as those deemed critical to national or economic security, The Washington Post reported on Jan. 6. 

U.S.: Trump's Aides Discuss Narrow 'Universal' Tariff

Mexico's tax authority (SAT) announced a 19% tariff on goods entering Mexico via courier firms from countries with which it does not have international treaties, El Pais reported Jan. 1.

Mexico: Tariff on Courier Imports Shows Increased Protectionist Measures and Restrictions on Chinese Goods

Social Issues

Mexico's Chamber of Deputies unanimously approved a reform that aims to regulate labor conditions for apps' drivers and delivery workers by providing access to benefits such as social security, accident insurance, pensions, maternity leave, profit sharing, a Christmas bonus and the right to unionize for those who earn at least one minimum wage on the app, El Pais reported Dec. 10.

Mexico: Unanimous Approval of App Workers Reform Indicates Support for Broader Labor Regulatory Changes

Mexican President Claudia Sheinbaum said on Nov. 22 that Mexico will propose a plan to the United States to reduce the country's dependence on Chinese-made parts and components, El Economista reported on Nov. 24.

Mexico: Government Plans To Reduce Reliance on Chinese Components

Mexico's Chamber of Deputies on Nov. 20 initially approved a bill to eliminate seven independent agencies responsible for overseeing economic competition, social development, data protection, telecommunications, energy, oil and gas activities, and education policies, El Pais reported Nov. 20.

Mexico: Chamber of Deputies Approve the Elimination of Independent Bodies

Only seven out of Mexico's 11 Supreme Court justices voted to roll back parts of a controversial judicial reform enacted in September, falling short of the eight votes required to pass the measure, Reuters reported on Nov 6.

Mexico: Supreme Court Vote Rejects Overhaul of Judicial Reform, De-escalating Institutional Crisis

Assessments

Mozambique

South Korea

United Kingdom

Security personnel walk on a road with buses blocking an entrance gate to protect impeached South Korean President Yoon Suk Yeol from a possible second arrest in Seoul on Jan. 6. If Yoon is not arrested, the opposition could again seek to impeach the country's acting president due to his insufficient support for the arrest efforts, worsening foreign perceptions of political instability in South Korea.

A look at what the coming week will bring -- and a list of recommended RANE articles from the week that was.

The Weekly Rundown: Mozambique's President Takes Office, the U.K. Chancellor Visits China

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World map on a dark digital background representing global communication and global finances.

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Russia-Ukraine Conflict

RANE's Top 10 Risks for 2025 highlights high-impact, low-probability risks and trends from the annual forecast presented in more extreme terms.

RANE's Top 10 Risks for 2025

Snapshots

NYSE workers during morning trading Nov. 26 in New York. Incoming U.S. President Donald Trump is unlikely to place large tariffs on Canada and Mexico immediately upon taking office, but the mere threat to do so will likely chill investment in North America amid growing uncertainty about U.S. trade policy.

Though tariffs are unlikely, threats alone will likely chill investment amid growing uncertainty about U.S. trade policy.

Trump's Tariff Threats Alone Likely to Chill North American Investment

Americas

Chile

Colombia

Cuba

El Salvador

Guatemala

Honduras

Nicaragua

Venezuela

U.S. border patrol officials drive near the wall along the Mexican border in Sasabe, Arizona, on Dec. 8, 2023. 

The fallout from Trump's pledged tariffs and mass deportations could worsen living conditions in countries like Mexico, though countries with like-minded leaders, like Argentina, may fare better.

What Trump's Focus on Immigration, Trade and Ideology Means for Latin America

A combination of photos shows U.S. President-elect Donald Trump (left) speaking at an event in West Palm Beach, Florida, and Mexican President Claudia Sheinbaum (right) holding a press conference in Mexico City, Mexico.

Global Elections

Trump will increase pressure on Mexico to curb immigration and drug trafficking by threatening tariffs and other economic retaliation, harming the country's investment climate.

What Another Trump Term Means for Mexico

Former U.S. President Donald Trump arrives to speak during an election event in the early hours of Nov. 6, 2024.

Environment, Science & Technology

Israel-Hamas Conflict

U.S.-China Relations

U.S.-Iran Relations

Science & Technology

Trump will place more tariffs on U.S. trade partners and reduce support for Ukraine, but he will largely maintain Biden's approach to the U.S. tech rivalry with China and the Middle East conflict.

Trump's Win Will Ripple Across the World

National Action Party Sen. Miguel Angel Yunes Linares (L) addresses lawmakers in the legislature's upper house about the judicial reform proposed by the government in Congress in Mexico City, Mexico, on Sept. 10, 2024. 

A series of interventionist constitutional reforms is putting Mexico's private sector on edge, but global de-risking will likely continue to attract foreign investment in the long term.

Interventionist Constitutional Reforms Unlikely To Deter Foreign Investment in Mexico 

Japan

Austria

Supporters of the far-right Freedom Party of Austria (FPO) wave flags during an election rally in Vienna, Austria, on Sept. 27, 2024. 

The Weekly Rundown: Austrian Elections and a U.S. Port Workers Strike

Media

France

Forecast Webcast

Join our analysts for this webcast recording exploring key topics identified in RANE's 2024 Fourth-Quarter Geopolitical Forecast.

2024 Fourth-Quarter Geopolitical Forecast Webcast

Palestinian Territories

A special session of the U.N. General Assembly is held on the Palestinian bid for full membership to the United Nations at the U.N. headquarters in New York City on May 10, 2024.

The Weekly Rundown: Mexico Ratifies a Controversial Judicial Reform, the U.N. Votes on a Palestinian Resolution

Italy

The Mexican Senate building in December 2019 in Mexico City. The Mexican Senate will begin considering a controversial judicial reform Sept. 8 that it plans to vote on by Sept. 11.

The Weekly Rundown: Judicial Reform in Mexico, An EU Competitiveness Report

Judicial workers on indefinite strike in front of the Federal Judicial Branch on Aug. 19 in Mexico City. Mexico's government is likely to pass several constitutional reforms by September that will likely reduce judicial independence, increase government control over the economy and harm the business environment in the long term.

Mexico's government is likely to pass several constitutional reforms by September that will likely reduce judicial independence, increase government control over the economy and harm the business environment in the long term.

What Judicial Reform Means for Mexico's Business Environment

Mexico is defined by dramatic geographic features that have shaped the country's politics. Forming the southern portion of North America, Mexico borders the tropical Central American isthmus, a broad band that defines Mexico's northern border with the United States. To the east and west, the Sierra Madre Occidental and the Sierra Madre Oriental dominate the Pacific and the Caribbean coasts, forming highlands that cradle of the modern heart of Mexico. The desolate Baja California peninsula shields approaches from the western sea. To the east, the tropical limestone outcropping named the Yucatán peninsula dominates entry from the Caribbean into the Gulf of Mexico. Mexico's central valley, which includes Mexico City and the adjacent Veracruz region, form Mexico's core.     To control Mexico City is to control Mexico, and the greatest conventional threats to Mexico City have traditionally come from the deepwater Port city of Veracruz. Since the 16th century, Spain, France and the United States &mdash; not to mention numerous mutinous factions of the Mexican military &mdash; have used Veracruz to threaten and even conquer what is now Mexico City. Mexico's mountains and frontier territories are traditional hotbeds of unrest. From the rebels of Chihuahua to the drug kingpins of Tierra Caliente and Sinaloa, the historical and ongoing challenge for Mexico is to subdue and incorporate far-flung, geographically-isolated communities. The modern expression of this struggle can be seen in today's war with drug trafficking organizations, but it is a pattern that has been repeated throughout history and has been shaped by Mexico's physical geography. 

SITUATION REPORTS

EU, Mexico: Revamped Trade Agreement To Move Forward, Pending Ratification

Mexico: Government Plans to Reduce Chinese Imports Unlikely to Prevent U.S. Tariff Threats

U.S.: Trump's Aides Discuss Narrow 'Universal' Tariff

Mexico: Tariff on Courier Imports Shows Increased Protectionist Measures and Restrictions on Chinese Goods

Mexico: Unanimous Approval of App Workers Reform Indicates Support for Broader Labor Regulatory Changes

Mexico: Government Plans To Reduce Reliance on Chinese Components

Mexico: Chamber of Deputies Approve the Elimination of Independent Bodies

Mexico: Supreme Court Vote Rejects Overhaul of Judicial Reform, De-escalating Institutional Crisis

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