Global Scans · Mexico · Weekly Summary

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WHAT'S NEXT?: Mexico's economy and status with the U.S. faces uncertain times as a result of Donald Trump's recent election as America's next president. The impacts of Donald Trump's pre-election threats are already being felt by Mexico's economy and may have unforeseen consequences for both nations.

• [New] The US is closely monitoring its interests in Mexico and warning its neighbour to consider its new relationships. Global Village Space | Technology
• [New] The USMCA is set for revision in 2026, and Mexican officials are concerned that the US could propose unfavorable trade terms if China becomes a key player in North American EV production. Global Village Space | Technology
• [New] The number of migrants crossing the Darien Gap is expected to keep rising as visa restrictions in Mexico and Central America mean ever fewer are able to fly over it. The Guardian
• [New] Revolut must manage remittances in Mexico very carefully in part because of the risk posed by illicit profits from organized criminal organizations that often flow from drug cartel operations in the United States. MarketScreener
• [New] Adding production in Mexico will deliver logistical efficiencies for supporting sales to the southwestern / western regions of the U.S., and to Mexico and Latin America. Automotive World
• [New] Millions of people across Mexico, the United States and Canada will be able to see a total solar eclipse in the coming hours. CNN
• [New] An increase in the production of AI-related hardware will inevitably lead to the creation of more advanced manufacturing jobs in Mexico and could help spur innovation in other manufacturing sectors. Mexico News Daily
• Mexico's 2023-24 exports were forecast at 471,000 tonnes, down 124,000 tonnes, or 21%, from March and down 540,000 tonnes, or 53%, from the prior year. Baking Business
• Mexico's imports were forecast at 575,000 tonnes, up 81,000 tonnes, or 16%, from March and up 290,000 tonnes, or 102%, from last year. Baking Business
• US 2023-24 sugar imports from Mexico were forecast at 498,644 short tons, raw value, down 167,020 tons, or 25%, from 666,000 tons as the March forecast, and down 657,000 tons, or 57%, from 2022-23. Baking Business
• Parts of Canada, the United States and Mexico fall in the path of totality, with cities such as Buffalo, Cleveland and Dallas expecting large crowds of tourists. The Washington Post
• New Mexico passed rules last year to boost the number of EVs on its roads, and requires utilities to submit transportation electrification plans every three years that support its goals. Smart Cities Dive
• The west coast of Mexico will be one of the best places to observe the eclipse, especially the states of Coahuila, Durango and Sinaloa, where the moon will completely block the sun. CNN
• The total solar eclipse will first be visible in Mexico, starting from the state of Sinaloa on the Pacific coast and then moving eastward through Durango, Coahuila, Nuevo Leon, Tamaulipas, and San Luis Potosi. India TV News
• People In the US, Canada and Mexico will not just have the chance to witness a rare astronomical phenomenon. The Royal Astronomical Society
• In North America, the total solar eclipse will be visible from around 11:00 local time in Mexico, about 13:30 in Texas, 15:25 above New York state, and 17:15 in the eastern Canadian province of Newfoundland. The Royal Astronomical Society
• There's still some time for forecasts to change, but meteorologists predict that eclipse day storms could blanket parts of the path, which stretches from Mexico and Texas through Maine and parts of Canada. phys.org
• The path of totality - where the sun will be fully blocked by the moon - covers over 30 million people in the US, Canada and Mexico. Engadget
• The US, Mexico and Canada will be in the totality path of the eclipse, meaning more than 31 million people across 15 states will be treated to the mesmerising sight of the sun being obscured by the moon. Sky News
• The Moon will pass in front of Venus, creating a lunar occultation visible from countries and territories including the eastern Contiguous United States, eastern Canada, Mexico and southern Greenland amongst others. In-The-Sky.org
• If all cars and trucks in New Mexico were electrified, SWEEP estimates it would generate $50 billion in benefits through 2050, including savings from a more efficient electric grid. Smart Cities Dive
• The American space agency, the eclipse will solely be observable in North America, traversing through Mexico, the United States, and Canada. Al-Bawaba
• The collaboration with the U.S. represented a significant opportunity and highlighted that the development of the semiconductor industry in Mexico would create better paying jobs. Mexico News Daily

Last updated: 23 April 2024