The USMCA: Dependence In a World Without Free Trade
Mexico is beginning to adopt positions compatible with U.S. priorities not through sovereign decision, but due to the constraints of its own integration.
USMCA
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Mexican Farmers Strike Starts March 23rd: “We will do everything in our power to prevent the World Cup from taking place”
The objective of the mobilizations is to pressure large importers & grain buyers, who buy subsidized US imports instead of national production.
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Trump Launches Investigation into Mexico for Excessive Manufacturing Capacity & Production
US officials say the investigation will examine whether certain industries in Mexico are producing more goods than domestic demand can absorb and exporting excess supply into the US market.
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Mexico’s Sugarcane Growers Want Just Treatment Under USMCA
Mexican sugar exports face quotas in the US, but US corn syrup and high fructose corn syrup have no import restrictions in Mexico, a situation even worse than the original NAFTA agreement.
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Mexico’s Alianza Nacional Telefonista Wants Government Review of Telmex Concession
Previously public owned, Telmex is one of Mexico’s largest telecommunications companies, and has been identified by the Trump administration as a barrier to US entry into the Mexican market.
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Trump Wants Major Surrender from Mexico on USMCA
Mexico is both at the table and on the menu, as the US pressures Mexico to open up strategic sectors that had been recovered since AMLO’s election.
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The USMCA & Economic Control
Mexico is moving toward a de facto semi-customs union, but without the fiscal or political benefits of a formal union, and with a growing loss of commercial and industrial autonomy.
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USMCA Review Needs to Include More Than Just Corporate Interests
Mexico’s Economy Secretary Ebrard has cancelled social organization consultations and adopted a rhetoric of supplication towards corporate interests in advance of the USMCA review.
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Mexico SA
Canada has begun to make moves (such as rapprochement with the People’s Republic of China), but Mexico is clinging to the USMCA: all its eggs in one basket, something that, given the frenzied dynamic imposed by Trump, doesn’t seem to be the wisest course of action.
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No Happy Ending for 2025
If public investment continues to decline, the economy & employment will be highly vulnerable, and the foundations for sustained growth will not be laid. At best, we will remain a vast assembly plant; at worst, a country without decent employment opportunities.
