Following the decisive electoral victory of Mexican President-elect Claudia Sheinbaum on June 2, the governing party’s coalition secured a two-thirds majority in Mexico’s lower chamber and only nee…
Following the decisive electoral victory of Mexican President-elect Claudia Sheinbaum on June 2, the governing party’s coalition secured a two-thirds majority in Mexico’s lower chamber and only needs one more seat to attain a supermajority in the Senate.
If approved, these changes would severely limit the country’s growth prospects and its ability to create well-paying jobs that help mitigate northward migration. The resulting legal issues and business uncertainty could trigger billions of dollars in tariffs if U.S. and Canadian authorities or firms request formal dispute settlement under the U.S.-Mexico-Canada Agreement, as well as significant economic losses for consumers and workers across North America.
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