Mexico’s Senate approved a law that gives the federal government full control over regulation and citizen data, including biometric information. The Executive will no longer require input from independent bodies or civil society.

Experts and rights groups warn the law could lead to mass surveillance and data misuse, as it lacks transparency and external oversight. While the government claims it will streamline services and reduce corruption, critics say it centralizes power dangerously.

SOURCE: https://www.elfinanciero.com.mx/empresas/2025/06/26/estado-tendra-el-control-de-la-regulacion-y-de-los-datos-con-ley-para-eliminar-tramites-burocraticos/

The Mexican peso and the Mexican Stock Exchange (Bolsa Mexicana de Valores) declined after a U.S. airstrike on Iran, triggering increased risk aversion in global markets. The peso depreciated by 0.32% to around 19.2163 per U.S. dollar, while the stock market also dropped as investors reacted to the geopolitical shock.

Analysts believe this reflects a shift toward safe-haven assets amid heightened uncertainty. The conflict’s potential economic ripple effects—on inflation, energy prices, and market stability—may influence future monetary policy if tensions persist.

SOURCE: https://forbes.com.mx/peso-y-bmv-se-debilitan-tras-ataque-estadounidense-a-iran/

#bmv #stocks #mexicanpeso #pesomexicano #devaluo #depreciation #iran #trump

Sheinbaum denies plan to remove autonomy from prosecutors
President Claudia Sheinbaum clarified that her administration does not intend to eliminate the autonomy of federal or state prosecutors’ offices. While acknowledging the need to improve their performance, she emphasized that some are already functioning well and reiterated that autonomy is key to preventing political interference.

Sheinbaum stated that any proposals questioning the prosecutors’ independence are not coming from her government and reaffirmed her commitment to strengthening — not controlling — these institutions. She also expressed openness to a national dialogue on how to improve the justice system but ruled out any immediate structural reforms that would compromise autonomy.

SOURCE: https://www.jornada.com.mx/noticia/2025/06/20/politica/sheinbaum-no-tiene-previsto-retirar-autonomia-a-las-fiscalias

Mexico Gains Edge Amid U.S. Tariffs on ChinaThe U.S. has imposed tariffs up to 55% on key Chinese imports, including EVs, batteries, and steel. In contrast, 86% of Mexico’s exports to the U.S. enter tariff-free under the USMCA, giving Mexico a significant trade advantage.

Economist Luis de la Calle noted that Mexico’s strong integration with North America and global ties make it a strategic hub. The country is now well-positioned to attract nearshoring investment and expand its role in global supply chains.

SOURCE: https://www.eleconomista.com.mx/empresas/mexico-queda-ventaja-arancelaria-china-eu-20250617-764058.html

Mexico could become a strategic hub for air cargo aircraft maintenance by 2030, according to the head of the Federal Civil Aviation Agency (AFAC), Miguel Enrique Vallín. He stated that the Felipe Ángeles International Airport (AIFA), now the country’s largest air cargo hub, is expected to host new MRO (Maintenance, Repair, and Overhaul) facilities, with support from both private investors and the Ministry of National Defense.

Vallín also noted that cargo transport in Mexico surpassed 2019 levels by 2021, and 2024 is shaping up to be the best year for the sector. Regarding the Mexico City International Airport (AICM), he emphasized that infrastructure limitations constrain its operations, even as the government recently raised the hourly operation cap from 43 to 44 movements, a temporary measure based on current airspace restrictions.

SOURCE:
https://www.eleconomista.com.mx/sectores/Mexico-podria-ser-un-hub-para-mantenimiento-de-cargueros-AFAC-20250612-0079.html

Mexico’s federal government plans to reduce the legal workweek from 48 to 40 hours by 2030 through tripartite discussions with unions and business leaders. While the private sector supports the goal, organizations like Canacintra and Concanaco-Servytur emphasize the need for gradual implementation based on company size, industry, and geographic location to avoid harming micro and small businesses. They also call for fiscal incentives, payroll deductibility, financing, and technological support to make the transition viable.

The creation of a Labor Transition Observatory is being proposed to monitor implementation. The first formal discussions are set to begin on June 19, 2025.

SOURCE: https://www.eleconomista.com.mx/capital-humano/reforma-jornada-laboral-ip-pide-gradualidad-sectorial-20250610-762901.html

Mexican President Claudia Sheinbaum strongly condemned Donald Trump’s new 50% tariff on Mexican steel and aluminum exports, calling it unjust and economically harmful. The measure endangers over $20 billion in annual exports, 380,000 jobs, and $7.5 billion in investments, as Mexico is the second-largest supplier of steel to the U.S. Sheinbaum stated that Mexico will respond with defensive not retaliatory measures.

Economy Secretary Marcelo Ebrard will travel to Washington to negotiate Mexico’s exclusion. The situation is further complicated by electoral contexts in both countries and looming uncertainty over the future of the USMCA trade agreement.

SOURCE: https://elpais.com/mexico/2025-06-05/sheinbaum-eleva-el-tono-ante-el-ultimo-golpe-arancelario-de-trump-contra-el-acero-y-el-aluminio.html

Mexico held an unprecedented judicial election to appoint over 2,600 judges and magistrates nationwide, as part of a justice reform promoted by President Claudia Sheinbaum and her party, Morena. Despite the government’s positive spin, only 13% of eligible voters participated, raising serious concerns about legitimacy. Factors behind the low turnout include the process’s complexity, lack of public information, prohibition of campaign funding, and logistical difficulties at the polls.

While Sheinbaum described the election as a step forward for democracy—citing low turnout norms in similar systems like the U.S.—critics argue the rushed and flawed execution undermined its credibility. Some see it as a necessary reform to fight impunity and corruption, while others warn it consolidates Morena’s power and threatens judicial independence.

SOURCE: https://www.bbc.com/mundo/articles/c0k316xk1r5o.amp