Mexico
IMF cuts 2026 global growth forecast, sees Latin America holding steady at 2.4%
The International Monetary Fund has cut its forecast for global economic growth in 2026 to 3%, citing the fallout from the war in the Middle East, while projecting that Latin America and the Caribbean would grow 2.4% this year and 2.7% in 2027.
Toyota to invest $3.6bn in Texas as Tacoma production shifts from Mexico
Toyota Motor Corp said it would invest $3.6bn into an expansion of its San Antonio, Texas, manufacturing plant on July 7, relocating the assembly of the Tacoma pickup truck from Mexico to the United States and creating around 2,000 new jobs by 2030.
Mexico and Canada look for new solutions as US officials decline USMCA renewal
As trade officials from the United States declined to renew the United States-Mexico-Canada Agreement (USMCA) officials from Canada and Mexico are poised to react as the deal, worth nearly $2tn a year, sees an uncertain future.
Mexico, US and Canada to hold virtual talks on USMCA review
Mexican President Claudia Sheinbaum said the United States and Canada will hold a virtual meeting to review the United States-Mexico-Canada Agreement (USMCA) on July 1. The Mexican government seeks to secure a 16-year extension.
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Cuba oil lifeline hinges on Mexican firms willing to brave US sanctions
Cuba’s oil lifeline hangs by a thread. As Mexico attempts a risky private-sector workaround to bypass tightened US secondary sanctions, mid-sized firms face an overnight death sentence if they lose access to dollar clearing.
World Bank cuts Latin America growth outlook as Middle East oil shock takes toll
The World Bank has trimmed its growth forecasts for Latin America and the Caribbean for both 2026 and 2027, blaming the inflationary and monetary fallout from the Middle East conflict.
US collects $23bn in tariff revenue from Mexico as USMCA talks resume
The United States generated $23bn in tariff revenue from Mexican exports from April 2025 to April 2026, according to US Senate data. This makes Mexico the second-largest contributor to US tariff collections.
Mexico targets 25-fold increase in semi-conductor production in next three years
Secretary of Economy Marcelo Ebrard announced Mexico is aiming to increase its semiconductor production capabilities 25-fold in the next three years.
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El Salvador's Bukele tops regional approval rankings for June
El Salvador's Nayib Bukele remains the most popular president in Latin America, with a 69.1% approval rating, according to the June ranking published last week by pollster CB Global Data, which surveyed between 1,988 and 2,674 people in each country.
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Mexico President rebukes US ambassador over sovereignty comments
Mexican President Claudia Sheinbaum has publicly rebuked US Ambassador Ronald Johnson, telling him to "respect Mexico's internal affairs" and confine himself to bilateral coordination topics.
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Mexico to discuss SWIFT alternative for dollar-free trade with Russia
Russia and Mexico will discuss a SWIFT alternative for dollar-free trade at a business forum this autumn, the Russian embassy said, though US influence over Mexican banks remains a significant obstacle.
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USMCA to keep tariffs as US opens bilateral talks with Mexico, freezing out Canada
The United States intends to maintain tariffs on imports from both Mexico and Canada even after the USMCA is revamped, US Trade Representative Jamieson Greer confirmed on May 26.
Mexico and the EU rewrite their trade relationship with farms at the heart of it
Mexico-EU interim trade deal locks in agricultural liberalisation decades in making. Cheese quotas, meat phase-outs, 568 protected foods. Both sides call it a hedge against US tariff uncertainty.
Latin America's democracies face silent erosion from within, UN warns
Latin America and the Caribbean's political systems are experiencing a gradual institutional decay that rarely manifests as outright democratic collapse but instead hollows out governance from within, the UNDP has warned in a new report.
China's lithium push in Latin America locks region into raw materials trap, report warns
Beijing controls 65% of global lithium refining while Latin America supplies the raw materials and absorbs the environmental costs. A new report warns the region risks permanent relegation to the bottom of the energy transition value chain.
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ECLAC cuts Latin America growth forecast as Middle East war fans inflation
ECLAC trims Latin America's 2026 growth forecast to 2.2%, warning that soaring oil prices, tighter credit and slowing global trade are locking the region into a fourth consecutive year of sluggish expansion.
Latin America's unfinished battle with inflation leaves the region exposed to the Iran shock
The Middle East conflict has landed on Latin America at an awkward moment. After two years of gradual progress bringing inflation under control, the region's central banks now face the prospect of that effort being undone by an external conflict.
Latin America oils up as Hormuz crisis reshapes global energy supply
From Vaca Muerta to the Orinoco, Latin America is sitting on the world's most coveted untapped crude. The Iran war may finally force it to act.
IMF raises Latin America growth forecast but warns of uneven impact from Middle East war
The IMF raised its 2026 growth forecast for Latin America and the Caribbean by a tenth of a percentage point to 2.3%, while cautioning that the economic consequences of the war in the Middle East will most impact the region's smaller economies.