May 30th-June 6th 2024
Hot Topics
STEEL ANDALUMINUM TARIFFSTO RAISETO 50%
On June 3rd, US President Donald Trump has announced a tariff rise to 50% of section 232 on steel and aluminum imports, doubling previous rates. While supported by domestic steel manufacturers and many in the US seeking better-paying jobs, the decision has sparked global concern; the EU may impose countertariffs worth €26 billion On the other hand, the UK has been granted a temporary exemption pending a trade deal.
Moreover, President Claudia Sheinbaum has warned of reciprocal countermeasures unless an agreement is reached. Mexico's Secretary of Economy Marcelo Ebrard traveled DC to negotiate an exemption on Friday, June 6th. These tariffs risk straining US-Mexico relations and could hurt Mexico’s steel and aluminum export sectors
Lastly, the tariff rise could disrupt exports, pressure domestic industries, and deepen trade tensions. Mexico’s response may involve legal challenges, retaliatory tariffs, potentially impacting economic cooperation with the US.
Source: EL ECONOMISTA
CHINA US TRADE RELATIONS DEVELOP
The US Supreme Court rejected Mexico’s lawsuit against American gunmakers, ruling that manufacturers cannot be held liable for criminal misuse of their products under the 2005 Protection of Lawful Commerce in Arms Act Mexico accused companies like Smith & Wesson of aiding cartel violence through negligent sales practices
The Court found insufficient evidence that gunmakers knowingly participated in unlawful arms trafficking. This decision limits Mexico’s legal avenues for addressing US arms flow into its territory, forcing it to pursue separate lawsuits. It highlights ongoing tensions over cross-border gun and drug trafficking
Source: BBC
US President Trump announced the continuation of trade talks with China following his first phone call with President Xi Jinping since starting his second term Trump stated that negotiation teams will meet soon, with key US officials leading the discussions Xi invited Trump to visit China, and Trump extended a reciprocal invitation Chinese media emphasized Xi’s call to reverse US restrictions and avoid disruptions in bilateral ties
Source:NEWS AZ
MEXICO'S GUNLAWSUITISREJECTED
Hot Topics
SHEINBAUM CONSIDERS G7 INVITATION
President Sheinbaum is considering her invitation to the G7, after Prime Minister Mark Carney extended the proposal last week. Nevertheless, Sheinbaum explained that there are several factors that could affect her decision, such as negotiations with the National Coordination of Education Workers (CNTE. Furthermore, Mexico would have to navigate this event with caution to balance multilateral participation with more regional priorities Nevertheless, Mexico's role in the summit could potentially serve in its favor as a key player in sustainability, public health, and the construction of value chains
Source: EL ECONOMISTA
NEWSUPREMECOURTOFFICIALS APPOINTEDINFIRSTJUDICIALELECTION
In Mexico’s first-ever judicial election, Morena’s unofficial proposed list of nine candidates for the Supreme Court of Justice of the Nation (SCJN) won a landslide victory, according to the National Electoral Institute (INE). Some of the top candidates were Hugo Aguilar, followed by Lenia Batres and Yasmin Esquivel. Five women and four men were elected, most with ties to the ruling party, raising concerns about judicial independence.
Despite claiming voters had a free choice, Morena distributed voting guides listing preferred candidates, according to El País With low turnout and limited voter knowledge due to strict campaign rules, the election sparked controversy This event could also mean a significant decrease in democratic and judicial certainty.
Source: EL PAÍS
MEXICAN EXPORTS FELL IN APRIL 2025
In April 2025, Mexican exports to the U.S. fell 2.7% annually, reflecting the impact of trade tensions under Trump and reduced use of the USMCA. Imports from the U.S. to Mexico also dropped 5.2%. Despite this, Mexico remained the U.S.’s top trading partner, with 15% of its total trade. Only 46.8% of Mexican exports used USMCA benefits, down from previous months Also the Mexican peso appreciated agains the dollar in trading this Thursday, closing in at 19 14, the highest since October 2024
Source: EL ECONOMISTA
LegislativeIssues andIndustryNews:
FINANCIAL
Bill to Amend Article 22 of the Federal Fiscal Code Regarding Taxpayer Refunds
Presented by: Deputy Noemi Berenice Luna Ayala (Proportional Representation –PAN)
Objective: Reduces the time frame for taxpayer refunds issued by the SAT (Tax Administration Service) to 20 business days.
Status: 2025-06-04 – Published in the Parliamentary Gazette
ENVIRONMENTAL
Initiative to reform the General Law of Ecological Balance and Environmental Protection Regarding Sustainable Industrial Relocation
Presented by: Deputy Amparo Lilia Olivares Castañeda (Nuevo León – PAN)
Objective: Establishes sustainable industrial relocation by defining green industrial parks and exclusion zones, mandating high-impact industries to relocate within one year, and creating a National Sustainable Industrial Relocation Fund to support and finance the process.
Status: 2025-06-04 – Published in the Parliamentary Gazette
TRADE
Initiative on Imported Products
Presented by: Deputy Hilda Araceli Brown Figueredo (Baja California - MORENA)
Objective: Information about imported products shall display their country and/or place of origin in a visible location on the products, as well as on the price tags in commercial establishments.
Status: 2025-06-04 – Published in the Parliamentary Gazette
LABOR
Bill to Amend the Federal Labor Law Regarding Administrative Digitalization for Training and Instruction
Presented by: Senator Miguel Márquez Márquez (Guanajuato – PAN)
Objective: Establishes that employers, their joint training commissions, institutions, schools, specialized organizations, and certified instructors must fulfill their training obligations and conduct related procedures through a digital platform managed by the Ministry of Labor and Social Welfare.
Status: 2025-06-04 – Published in the Parliamentary Gazette
