Politicians to vote against their own interests
MXPE Weekly Essentials ft. Mexico’s USMCA opening salvo, how much companies depend on exports, and other highlights in Mexican politics, policy, and markets from the past week.
MXPE Weekly Essentials. Only the most important news in Mexican politics, policy, and markets from the past week.
Last week’s highlights:
Second choice—After president Claudia Sheinbaum’s electoral reform was rejected by congressional allies (and a few members of her own party), a Plan B reform has been announced. This one will be less ambitious but will still require legislators at every level of the government (local congresses must approve congressional reforms) to reduce their own salaries and perks.
The reductions in party budgets and their leaderships’ power over candidates will not be touched. Mexico’s party-ocracy remains intact.
Conservative and liberal—Tomorrow marks the first official round table for the Joint Review of the US-Mexico-Canada Agreement (USMCA). Mexico’s negotiating position will be simple, according to its Economy minister Marcelo Ebrard:
