VOLTAR

1. Trump Suspends Tariffs After Talks with Sheinbaum

U.S. President Donald Trump announced the suspension of 25% tariffs on Mexico under the USMCA following a conversation with President Claudia Sheinbaum. However, the measure will only remain in effect until April 2.

President Trump praised the bilateral relationship and cooperation on migration and the fight against fentanyl trafficking. In contrast, he maintained a tougher stance against Canada, despite also lifting tariffs, arguing that its efforts against opioid trafficking were insufficient. Prime Minister Justin Trudeau warned that the trade dispute between the two countries will continue.

El Universal: México no pagará aranceles de productos que estén en T-MEC: Trump; suspensión se da tras llamada con Sheinbaum

2. Mexican Peso Resists Tariff Battle

The Mexican peso strengthened against the dollar following a call between President Claudia Sheinbaum and U.S. President Donald Trump, in which the suspension of tariffs under the USMCA was confirmed until April 2. The exchange rate stood at 20.3113 pesos per dollar, appreciating by 0.22%.

Meanwhile, inflation in Mexico recorded an annual increase of 3.77% in February, according to the National Institute of Statistics and Geography (INEGI). Core inflation reached 3.65%, while non-core inflation stood at 4.08%, keeping expectations of an interest rate cut by the Bank of Mexico.

El Economista: Peso mexicano mantiene avance ante el dólar tras logro en negociación de aranceles

3. Senate Approves Constitutional Reform to Protect Native Corn in Mexico

The Mexican Senate approved a constitutional reform to Articles 4 and 27 to guarantee the protection of native corn and prohibit its genetic modification. The initiative, supported by Morena, PT, PVEM, PRI, and Movimiento Ciudadano, aims to preserve biodiversity and strengthen national agricultural production.

Senator Simey Olvera Bautista highlighted that the reform aligns with President Claudia Sheinbaum’s vision of food sovereignty. With this measure, the State will promote the cultivation, conservation, and research of native seeds, ensuring their development without transgenic intervention.

El Sol de México: Senado eleva a rango constitucional protección del maíz

4. Sheinbaum Denies link Between capo Transfer and Trump’s Tariff Threats

The President of Mexico, Claudia Sheinbaum, refuted the statements made by U.S. President Donald Trump, who claimed that the transfer of 29 capos to the U.S. was an exchange to avoid tariffs.

Sheinbaum insisted that this decision was made exclusively for security reasons in Mexico. According to the president, there was information regarding the potential release of several of these criminals by judges, which could have serious consequences for the country’s security. The Attorney General of the Republic, Alejandro Gertz Manero, clarified that the transfer was not an extradition, but a legal process supported by the National Security Law and other international agreements. The decision was made by Mexico’s Security Council.

El Sol de México: Sheinbaum refuta a Trump: traslado de 29 capos a EU fue decisión de seguridad

5. The Law Against Nepotism and Re-election is Set to be Constitutional

The Chamber of Deputies approved a constitutional reform that prohibits consecutive reelection and nepotism in elected positions. This reform, set to take effect in 2030, aims to prevent relatives of sitting politicians from holding public office simultaneously. Additionally, it bans the immediate reelection of deputies, senators, and municipal presidents, promoting political alternation. The law also imposes restrictions on heads of government, preventing them from being reelected or holding the position again in the future.

Meanwhile, 18 state congresses have approved the reform, making it constitutional and pending its official publication to take effect. The states that have supported the reform include Zacatecas, Baja California, Sonora, San Luis Potosí, Hidalgo, among others, strengthening the implementation of this law nationwide.

La Jornada: Congreso aprueba en lo general ley contra nepotismo electoral para 2030