Mexico’s Braskem Idesa SAPI and its creditors are nearing an agreement for a loan of around $250 million as part of a chapter 11 bankruptcy filing, Bloomberg News reported. The company and its advisers are racing to line up debtor-in-possession financing so that Braskem Idesa can get a deal and benefit from an improvement in petrochemical spreads driven by the war in the Middle East. Read more. (Subscription required.)

Mexico’s economy shrunk in the first quarter in the latest economic setback for President Claudia Sheinbaum and despite her efforts to boost investment to stimulate growth, Bloomberg News reported. Gross domestic product fell 0.8% in the January-to-March period compared to the prior three months, the largest fall in a quarter since late 2024. From a year ago, GDP was nearly flat, up only 0.1%, landing under the 0.7% estimate and down from the prior revised print of 1.6% growth.

Mexico's President Claudia Sheinbaum said on Monday that ‌Mexico is interested in reaching an ‌agreement, prior to completing the review of the U.S.-Mexico-Canada ​trade pact, regarding the exchange of steel, aluminum and automobiles, Reuters reported. Sheinbaum spoke at a morning press conference as U.S. Trade Representative Jamieson Greer ‌visits Mexico for ⁠talks. "Obviously, we care a great deal about steel, aluminum, and automobiles," Sheinbaum ⁠said.

The Trump administration will try to resolve as many problems with the ​U.S.-Mexico-Canada trade agreement as it can before July 1, ‌but negotiations to rebalance the trade pact are likely to continue past that deadline, U.S. Trade Representative Jamieson Greer said on Tuesday, Reuters reported. Greer told an event ​at the Hudson Institute that the U.S. may need to ​take steps to exit the North American trade pact in ⁠order to continue the talks.

Mexico’s nationwide trucker and farmer strike stretched into a second day Tuesday, with ongoing highway blockades, mounting congestion around Mexico City and continued disruptions to key freight corridors across the country, Freight Waves reported. What began Monday as a coordinated protest across at least 20 states has evolved into a prolonged logistics disruption, with some transport groups signaling the strike could continue until the federal government delivers concrete security and cost relief measures.

The Mexican government announced measures on Thursday to support the country's motor transport ​industry, especially manufacturers and owners ​of heavy vehicles, Reuters reported. The program includes tax ⁠incentives for local producers and ​also seeks to protect and promote ​Mexico's motor transport industry against imports, Economy Minister Marcelo Ebrard told a press conference. "It ​has an initial budget of ​2 billion pesos ($112.41 million) in tax deductions and ‌250 ⁠million pesos in direct investment," he added.

Billionaire Ricardo Salinas Pliego’s broadcaster TV Azteca filed to initiate Mexican bankruptcy proceedings on Thursday, according to a spokesperson, as the company seeks to bring a battle with creditors over $400 million of defaulted bonds to Mexico, Bloomberg News reported. TV Azteca, known for producing soap operas and reality shows, filed for voluntary bankruptcy protection before a Mexican court to help reorganize its liabilities and strengthen its financial structure, Grupo Salinas spokesperson Luciano Pascoe said.

Canadian and Mexican officials on Thursday reaffirmed the importance of ​maintaining the trilateral free trade agreement between their ‌countries and the U.S., amid signals from Washington it could be interested in bilateral deals, Reuters reported. Canada's ambassador to Mexico Cameron MacKay ​and Mexican deputy trade secretary Luis Rosendo Gutierrez ​both told a conference in Mexico City that ⁠maintaining the trilateral U.S.-Mexico-Canada agreement was a priority for ​their nations. The meetings follow an announcement by U.S.

U.S. and Mexican negotiators will hold bilateral discussions starting the week ​of March 16 as part of the joint ‌review of the United States–Mexico–Canada trade agreement, the U.S. Trade Representative's office said on Thursday, Reuters reported. U.S.

Mexico remained the United States’ largest trading partner for the third consecutive year in 2025, with two-way commerce reaching a record $872.83 billion, Freight Waves reported. Trade between the two countries increased 3.9% year over year, rising from $840 billion in 2024 to $872.83 billion in 2025, according to a WorldCity analysis of the latest U.S. Census Bureau data. It marks the highest annual trade total the U.S. has ever recorded with any nation for the second consecutive year. Canada ranked second among U.S.