Mexico in June 2026: the most important developments in economy
In Mexico in June 2026, the state oil company Pemex and Brazil's Petrobras signed a cooperation agreement on oil and refining on 23 June. The month's other main economic subject was the future of the North American trade agreement, known as the USMCA. On 2 June, Mexico and Canada formally notified the United States of their intent to extend the deal by 16 years, seeking to lock in the current terms well beyond its scheduled review. On 10 June, President Donald Trump suggested he may not renew the agreement and threatened Mexico over drugs and trade.
The European Union threatened Mexico with tariffs over forced labor concerns on 3 June. Mexico's investment continued one of its longest slumps in decades. Franklin Templeton said on 10 June that Mexico must cut its fiscal deficit to keep an investment-grade credit rating.
Other economic items included a tomato agreement signed by President Claudia Sheinbaum to secure fair prices and prioritize the national market, and approval for GoGold to build a 227 million dollar mine. Air traffic between Mexico and the United States declined, and Chinese-made light rail vehicles were deployed to upgrade transport ahead of the World Cup.
by WorldBrief & Maksim Micheliov | AI-generated summary
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