May 23rd, 2025
1. After US tax bill advances, Mexico highlights remittance tax reduction
The U.S. House of Representatives approved the legislative bill known as the One Big, Beautiful Bill. This initiative, promoted by President Donald Trump, contemplated a tax reform that proposed a 5% tax on remittances.
Although President Trump urged the Senate to approve the reform without modifications, after intense negotiations led by a delegation of Mexican senators and the Mexican ambassador to the U.S., Esteban Moctezuma, the tax on remittances was reduced to 3.5%. The President’s bill also includes measures such as the elimination of taxes on overtime and tips, tax deductions for vehicles manufactured in the United States, among others.
El Financiero: Avance Ley Fiscal de EE.UU., pero se reduce impuesto a remesas
2. The Secretary of Economy highlights the reduction of tariffs on automobiles
The Secretary of Economy, Marcelo Ebrard, announced that cars manufactured in Mexico and exported to the United States will pay a 15% tariff, a reduction to the 25% originally proposed by President Donald Trump. This reduction strengthens Mexico’s competitiveness vis-à-vis other countries and opens the possibility of a partial refund to companies that already paid tariffs.
The announcement came alongside a report by the U.S. Department of Commerce and the International Trade Administration, which revealed that cars exported from Mexico and Canada under the USMCA include, on average, only 40% U.S. components.
El Financiero: Se logra reducción en aranceles de autos
3. Mexico grows in FDI for the second consecutive year
Mexico reached a historic record of $21.4 billion in foreign direct investment, as announced by the Secretary of Economy, Marcelo Ebrard. This is the second consecutive year of growth, after registering $18.6 billion in 2023 and $20.3 billion in 2024.
This achievement is also part of Plan Mexico’s Economic Development Poles for Well-being, the goal being that each state will have at least one of them. Currently, poles are being developed in Yucatán, Guerrero, Coahuila and Sonora, with the objective of igniting the local economy, increasing national content and generating shared prosperity.
El Economista: México crece en Inversión Extranjera Directa
4. Screwworm will impact Mexico’s GDP
The President of the Mexican Institute of Finance Executives (IMEF), Gabriela Gutiérrez, warned that the outbreak of the screwworm could generate losses of more than $1.3 billion in agricultural exports, affecting economic performance.
Gutierrez explained that, since 2019 with the cuts to the Ministry of Rural Development, the country has lost the ability to monitor and contain pests quickly, so the IMEF calls to strengthen coordination between federal and state authorities and producers for the protection of the agri-food sector.
El Financiero: Impactará gusano barredor en el PIB de México
5. Mexico maintains GDP growth at 0.8% in the first quarter
INEGI reported that Mexico’s GDP grew 0.8% year-over-year in the first quarter of 2025, driven mainly by a 7.8% advance in the agricultural sector. Primary activities grew by 7.2% and tertiary activities by 1.3%.
The Secretary of Finance, Edgar Amador, emphasized that the Mexican economy is solid, with inflation under control and close to the Bank of Mexico’s target. He also pointed out that these results guarantee sufficient income for the public treasury to comply with its programs and constitutional commitments.