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1. Mexico and Canada prepare “Action Plan” to strengthen economic and trade integration

Mexico’s Secretary of Economy, Marcelo Ebrard, and Canada’s Minister of Trade, Dominic LeBlanc, announced the start of work to design a bilateral roadmap that seeks to deepen the economic relationship between the two countries. This strategic plan, which will be formally presented in the second half of 2026, aims to expand investment flows, boost trade, and reduce the regulatory barriers currently faced by companies in both countries

The initiative comes within the framework of Canada’s trade mission to Mexico, with the participation of nearly 240 economic organizations and 370 business leaders exploring opportunities in strategic sectors such as advanced manufacturing, mining, agriculture, energy, and port infrastructure in key cities such as Mexico City, Monterrey, and Chihuahua. In this regard, President Claudia Sheinbaum stressed that this rapprochement complements the USMCA, strengthening North America’s regional position in the face of current global geopolitics.

El Financiero: Alistan México y Canadá plan de integración económica
El Economista: Canadá, con interés en Chihuahua y Monterrey para buscar socios manufactureros

2. The United States evaluates adjustments to steel and aluminum tariffs

US Trade Representative Jamieson Greer confirmed that the Donald Trump administration is considering adjustments to the implementation of the 50% tariffs applied to steel and aluminum. Although the U.S. government maintains that the tariffs have been successful in boosting its domestic industry, the official acknowledged the administrative complexity and high compliance costs that these tariffs have generated in additional costs for importing companies. In this regard, President Claudia Sheinbaum pointed out that these tariffs not only affect Mexico’s competitiveness, but also directly impact the U.S. economy by generating inflationary pressures.

The U.S. official’s statements came before the U.S. Supreme Court’s ruling on President Trump’s misuse of the International Emergency Economic Powers Act to implement tariffs, which opens a debate on the legal basis for future tariff measures.

Milenio: Sheinbaum confía en ajustes a aranceles de acero y aluminio: “Esperamos que realmente ocurra”
El Financiero: Analiza EU ajustes a implementación de aranceles al acero

3. Mexican exports to the United States break historical record in 2025

During 2025, Mexico consolidated its position as the United States’ main trading partner, achieving a historical record in exports that reached $534.874 billion. This figure represents an annual growth of 5.8% compared to 2024, according to data from the U.S. Census Bureau. Mexico mainly sells cars, goods transport vehicles, auto parts, computers, harnesses, and medical instruments and devices to the U.S. market.

In terms of imports during this same period, the country imported $337.96 billion from the United States, representing an increase of 1.2% compared to 2024. In addition, Mexico had an annual surplus of $196.913 billion in 2025 compared to $171.491 billion in 2024, which corresponds to an increase of 14.8%.

El Economista: México se mantuvo en 2025 como el primer exportador a Estados Unidos por tercer año seguido
Milenio: Exportación mexicana a EU rompe récord histórico, suma 534.9 mil mdd en 2025

4. Presidency promotes reform to eliminate privileged pensions in the public sector

President Claudia Sheinbaum Pardo announced the submission of a reform proposal to the Senate of the Republic with the aim of eliminating the high pensions granted to former senior officials in positions of trust. The initiative seeks to modify the regulatory framework to ensure that none of this group receives retirement benefits exceeding 50 percent of the remuneration received by the head of the Federal Executive. She specified that the reform does not apply to union members.

Raquel Buenrostro, head of the Anti-Corruption and Good Governance Secretariat, explained that the now defunct Luz y Fuerza del Centro (LFC), Petróleos Mexicanos (Pemex), the Federal Electricity Commission (CFE), Nacional Financiera (Nafin), Banobras, and the National Foreign Trade Bank (Bancomext) have a combined total of 94,333 pensioners who receive 96.306 billion pesos annually, and of those, 6,297 receive more than the president earns. Sheinbaum emphasized that these resources will be redirected to strengthen welfare programs and the universal pension system.

La Jornada: Sheinbaum va por abolir las pensiones millonarias
El Universal: Sheinbaum va por eliminar pensiones millonarias de exfuncionarios de confianza; anuncia iniciativa de reforma

5. Federal government launches plan to support audiovisual production

President Claudia Sheinbaum Pardo announced a plan to support national films and series, which includes the creation of a new tax incentive equivalent to 30% of income tax (ISR) for projects carried out entirely in the country. Among the requirements to access this benefit is that projects must have at least 70% domestic supply, in addition to a maximum cap of 40 million pesos (mdp) per project.

In addition, feature films or animated films and series episodes with a minimum verifiable expenditure of 40 million pesos may participate, as well as feature films and documentary series with a minimum expenditure of 20 million pesos, and specific animation, visual effects, or post-production processes with a minimum expenditure of 5 million pesos per process. The main objective of this measure is to strengthen the national film industry, attract major international productions, and consolidate Mexico as the leading destination for audiovisual creation in Latin America.

El Universal:¿Cómo funciona el nuevo incentivo al cine mexicano y qué problemas busca atender?
NMÁS: Salma Hayek y Claudia Sheinbaum Anuncian Nuevos Incentivos para el Cine y Series en México