Mexican President Claudia Sheinbaum said on Thursday that her government is considering imposing tariffs on imports from countries that do not have trade agreements with Mexico, including China, Reuters reported. The tariffs would be part of "Plan Mexico", an initiative to boost domestic industry amid tariffs imposed by U.S. President Donald Trump on some imports from Mexico.

Mexico's government is set to raise tariffs on Chinese imports, including cars, textiles and plastics, as part of its 2026 budget proposal next month, Bloomberg News reported. The tariff increases may also target other Asian countries, according to sources.

Mexico's government on Tuesday said it aimed to cease funding Pemex by 2027 when the highly-indebted state energy company should become financially self-sufficient, helped by an investment vehicle, a debt offering and efforts to stabilize production, Reuters reported. Mexican President Claudia Sheinbaum told a press conference that by 2027, Pemex "will no longer need the finance ministry's support," referring to the recent support it received from the government to pay down debt.

U.S. President Donald Trump gave Mexico a 90-day reprieve from higher tariffs to negotiate a broader trade deal but was expected to issue higher final duty rates for most other countries as the clock wound down on his Friday deal deadline, Reuters reported. The extension, which avoids a 30% tariff on most Mexican non-automotive and non-metal goods compliant with the U.S.-Mexico-Canada Agreement on trade, came after a Thursday morning call between Trump and Mexican President Claudia Sheinbaum.

Mexico's antitrust watchdog COFECE has found that 21 banks and financial institutions operating in the country are likely responsible for fixing fees related to deferred credit card payments, according to a document produced by the government agency that was seen by Reuters. The 649-page document outlining the findings and listing the institutions and individuals allegedly involved includes the Mexican subsidiaries of HSBC (HSBC), Santander (SAN) and Scotiabank (SCOTIABKCL.SN).

Mexico's headline inflation slowed in the first half of July, falling back within the central bank's target range and fueling expectations that the bank should continue to bring down interest rates in Latin America's second-largest economy, Reuters reported. Consumer prices rose 3.55% in the 12 months through mid-July, data from the national statistics agency showed on Thursday, slowing down from the 4.51% reported a month earlier.

Mexican President Claudia Sheinbaum said on Wednesday that she had spoken with Canadian Prime Minister Mark Carney and that the two had agreed to strengthen trade collaboration, particularly in light of the tariffs from U.S. President Donald Trump set to go in effect on August 1, Reuters reported. "We both agreed that the (U.S.-Canada-Mexico) trade agreement needed to be respected, and we shared our experiences about the letter than we received from President Trump," Sheinbaum said in her daily morning press conference.

Mexico's banking regulator slapped three financial institutions, which had been sanctioned by the U.S. for alleged money laundering, with more than 185 million pesos ($9.81 million) in fines in June, local media reported on Tuesday, Reuters reported. The U.S. Treasury last month prohibited certain transactions with Mexico's CIBanco, Intercam Banco and Vector Casa de Bolsa as part of fentanyl sanctions. The fines were largely related to money-laundering prevention, local media reported, citing data published by the regulator.

The Trump administration announced on Monday a duty of about 17% on fresh tomatoes from Mexico, which account for two-thirds of the tomatoes eaten in the U.S., and the end of an export deal between the two countries, Reuters reported. The Commerce Department said the U.S. was withdrawing from a 2019 agreement with Mexico that suspended an antidumping duty investigation on Mexican tomatoes, whose exports to the U.S. are valued at $3 billion a year.

President Donald Trump on Saturday threatened duties of 30% on products from Mexico and the European Union, two of America’s biggest trading partners, in an ongoing tariff campaign that’s upended global trade since he retook office in January, CNN.com reported. “The United States of America has agreed to continue working with the European Union, despite having one of our largest Trade Deficits with you.