Driving Forces Learn

Mexico

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] More vehicles will be produced in U.S. and Mexico, leading to an increase in Mexico exports to U.S.
[New] The production of vehicles and parts in Mexico will continue to increase, while Canada's vehicle exports to U.S. will decrease further, due to decreased competitiveness compared to U.S. and Mexico automotive sectors.
[New] The shift in favor of Mexico has been further supported by the COVID-19 situation in Brazil where deaths are expected to soon surpass the worst of a record wave in the United States in January.
[New] Given the trade relationships among Mexico, the U.S. and Canada, the evolution of the Mexican fuels market will have an influence on the entire North American transportation energy sector.
[New] The worsening situation could delay the further relaxation of lockdowns and prompt other countries to impose travel bans on Mexico.
[New] We expect Mexico to have among the weakest economic recoveries in emerging markets from the COVID-19 pandemic for several reasons.
[New] As global sea levels continue to rise, coastal woodlands from the Gulf of Mexico to the Chesapeake Bay and elsewhere around the world could suffer major losses from saltwater intrusion.
[New] Mexico won plaudits from environmentalists in 2015 when it became the first emerging country to announce its emissions reduction targets for the United Nations climate accord, ambitiously vowing to halve them by 2050.
[New] New York's law is a bit more lenient, allowing up to three ounces of cannabis for recreational use and will also eventually allow individuals to own six marijuana plants.
[New] After Trump threatened to impose steep tariffs, Mexico signed an agreement committing to deploy its National Guard to stop migrants, act to dismantle smuggling and trafficking organizations, and allow more asylum seekers to remain in Mexico under MPP.
[New] Governors in Illinois, New Mexico, North Carolina, and Pennsylvania, among other states, have also threatened to cut funding or take legal action against defiant localities.
[New] The threat of catastrophic fires will increase, with big areas of West Texas, Arizona, New Mexico, and Oklahoma at risk.
[New] The U.S. is anticipated to dominate the global autonomous last mile delivery market share in 2021, whereas Mexico is expected to grow at a significant rate in the autonomous last mile delivery market during the forecast period.
[New] Santander already owns 91.7% of Santander Mexico, which it plans to delist from the Mexican Stock Exchange in a move that would require support from at least 95% of Santander Mexico shareholders in an extraordinary shareholders' meeting.
[New] Migrants leave rural areas that lack job opportunities, such as the southern states and the densely populated central plateau, for urban centers and the US-Mexico border.
The U.S. stimulus alone will add 1.4% to Vietnamese gross domestic product over the next two years, second only to the slightly larger impact on Mexico.
New Mexico will respond to early pitfalls of legalization in other states as it mandates child-proof packaging for marijuana products.
The Department of Energy's Los Alamos National Laboratory in New Mexico is launching efforts to fortify artificial intelligence algorithms to prevent system threats and improve AI awareness and understanding.
The risk of women dying while pregnant or during childbirth increased by more than a third in two countries: Mexico and India.
Tissue samples were collected from the stranded whale, and once COVID-19 rules permit it, genetic testing will occur at labs in both Mexico and the U.S.
For Mexico the trade deal could boost investment, improve business confidence, and reassure consumer sentiment.
Duties and/or taxes will not be assessed on shipments equal to or less than US$800 for the United States; US$117 for customs duties and US$50 for taxes for Mexico; and C$150 for customs duties and C$40 for taxes for Canada.
Test demonstrations will be conducted in the Gulf of Mexico at Panama City and in the Eglin Air Force Base's water ranges located in the Gulf of Mexico.

Last updated: 13 April 2021

Mexico

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