.png)
Sheinbaum met World Bank's Ajay Banga on financing for Plan México, following Kia's EV investment in Mexico. In addition, Mexico's US exports rose 13% to US$298.2 billion in 1H26. Trade remained resilient despite tariffs as USMCA talks continued.
Ready for more? Here is the weekly roundup!
Sheinbaum Met World Bank Chief to Discuss Plan México Financing
On July 29, President Claudia Sheinbaum received World Bank Group President Ajay Banga to discuss financing mechanisms aimed at strengthening Plan México. Sheinbaum told reporters that Banga's team has been coordinating closely with Mexico's Finance Ministry on lending schemes directed at private companies executing projects tied to the plan.
US Clears US$100 Billion in Tariff Refunds
The United States has now processed close to US$100 billion in reimbursements tied to the tariffs Donald Trump unveiled on April 2, 2025, which the country's Supreme Court invalidated in February for exceeding presidential authority under the International Emergency Economic Powers Act (IEEPA).
25 States Sue Trump Administration Over New Tariffs
A coalition of 25 Democratic-led US states filed suit against the Trump administration over its latest round of global tariffs, arguing the White House once again exceeded its legal authority after courts had already struck down two previous attempts to impose sweeping duties.
Mexico Exports to US Rise 13% in 1H26 Despite Tariff Pressure
Mexico's merchandise exports to the United States reached US$298.2 billion in the first half of 2026, a 13.0% year-over-year increase, reinforcing the country's position as the United States' largest trading partner despite the continuation of sector-specific tariffs and ongoing negotiations over the review of the US-Mexico-Canada Agreement (USMCA). Data released by the US Census Bureau also showed Mexican imports from the United States rose 16.6% to US$195.6 billion, resulting in a US$102.6 billion trade surplus for Mexico, up 6.6% from the same period in 2025.
Mexico Tops US$5.8 Billion in New Industrial Investments
Mexico attracted more than US$5.85 billion in announced industrial and logistics investments, expansions and project inaugurations between June and July 21, 2026, highlighting continued momentum across manufacturing, logistics, e-commerce, energy and food production.
Mexico, Japan Launch Joint Working Group to Deepen Economic Ties
Mexico and Japan's foreign ministers announced the creation of a joint working group aimed at strengthening economic ties between the two countries, a move that comes as Mexico navigates ongoing trade friction with the United States and as Japan grapples with rising fuel costs tied to instability in the Middle East.
Author: Paloma Duran
