Editor’s briefing for the week commencing 1 September 2025
Sheinbaum’s first report (Mon 1 Sept)
President Sheinbaum delivered her first Government Report on Monday. The president heralded success in reducing poverty, claiming that Mexico’s levels of inequality were now second only to Canada across the Americas, and hailed the “Mexico Embraces You” campaign for Mexicans returned from the US by Donald Trump’s deportation campaign. The morning press conference was suspended for the address.
Newly elected judges take the bench (Mon 1 Sept)
Almost 900 newly elected judges took the bench for the first time on Monday, including nine new Supreme Court justices. Three of the serving justices served on the previous, 11-seat incarnation of the Court.
Remittances slide (Tues 2 sept)
In July, remittances totaled approximately US $5.33 billion, marking a nearly 5% year-on-year decline and the fourth consecutive month of reduced inflows—something not seen since 2013.
New poll casts doubt on Sheinbaum’s handling of relationship with US (Tues 2 Sept)
A recent El Financiero survey of 1,000 respondents found that 51% of Mexicans rate the bilateral relationship with the U.S. as "bad" or "very bad", though that figure is down six points from July, while 37% consider it "good" or "very good," up ten points from the previous month. Additionally, 56% believe President Sheinbaum is handling the relationship with Donald Trump poorly, compared to just 28% who say she’s doing well.
Rubio Visits Mexico (Wed 3 Sept)
US Secretary of State Marco Rubio met with Sheinbaum in Mexico City for roughly an hour and a half, signaling Washington’s intensified focus on security ties. The meeting came hours after the US struck an alleged drug boat in the Caribbean with a missile.
US–Mexico Security Pact (Wed 3 Sept)
After the meeting with Rubio, Sheinbaum, and other high level government officials, an announcement was made regarding the creation of a “high-level contact group” against drug cartels, which was described as formalizing deeper bilateral cooperation.
Peso Rebounds (Fri 5 Sept)
After slight losses, the peso firmed to 18.68 per dollar, ending a volatile week on stronger footing and coming on the back expectations that the US Federal Reserve will cut interest rates this month.
Trump to begin USMCA renegotiation in October, per WSJ (Fri 5 Sept)
The Wall Street Journal reported that the Trump administration intends to begin re-negotiations of the USMCA trade agreement in October. The Journal reports Jamieson Greer, the US Trade Representative, will lead the negotiations.