During his first presidential marketing campaign in 2015, Donald Trump accused Mexico of taking jobs away from the United States and exporting drug traffickers and rapists. But 5 years later, he up to date the treaty binding their economies and referred to as his Mexican counterpart a “good man.”
Mexican enterprise leaders consider they weathered the primary Trump storm comparatively effectively. Some consider President Claudia Sheinbaum could comply with the technique that labored for her predecessor Andrés Manuel López Obrador: not criticize Trump and provides him what he needs on immigration.
But a second Trump administration poses way more severe challenges for Mexico, the United States’ largest buying and selling accomplice. Business leaders and specialists on bilateral relations fear that the nascent Sheinbaum authorities isn’t effectively positioned to pivot.
This time Trump might be a extra highly effective president, with probably majorities in each homes of Congress, and might be decided to strike a more durable cope with his weaker southern neighbor, which suffers from drug-related violence and sluggish development.
“Doubling down on Trump is far tougher to handle. . . he’s a bully and (Sheinbaum) is an inexperienced nationwide politician,” stated Andrés Rozental, a former Mexican deputy overseas minister. “I’ve the impression that will probably be an unbalanced relationship, with Americans demanding increasingly from Mexico and Mexico not having the ability to have interaction and even make a lot of a distinction.”
Trump’s marketing campaign threats — across-the-board tariffs, incentives for U.S. firms to deliver manufacturing again residence, the mass deportation of an estimated 11 million unlawful migrants and the designation of drug cartels as terrorist teams — would hit Mexico disproportionately exhausting .
About half of migrants residing undocumented within the United States are Mexican, Mexico is residence to 2 of the world’s largest and most feared drug cartels, and the nation relies on the US marketplace for 83% of its exports.
Trump might be one of many greatest challenges for Sheinbaum, a scientist and left-wing get together loyalist whose tutorial background and stiff public method may hardly be extra totally different from the previous New York actual property mogul’s swaggering previous.
Mexico’s first feminine president has stated little about how she plans to cope with Trump, apart from that there was “not a single cause to fret” about “good relations” between the 2 nations.
Sheinbaum spoke with Trump this week, saying the decision was “very cordial.” He talked in regards to the border and he or she informed him there could be time to debate it, she stated.

His predecessor and mentor López Obrador has constructed an unexpectedly sturdy private relationship with Trump. Despite the 2 males’s ideological variations, they shared a choice for an authoritarian and nationalist populist type of presidency and for transactional diplomacy.
López Obrador deployed the military-led National Guard to dam migrant routes and agreed to take again third-country migrants as they waited for his or her US asylum claims to be heard, whereas Trump backtracked on threats to shut the border , elevate tariffs and make Mexico pay for a border wall.
Under Joe Biden’s presidency, the connection continued alongside comparable traces, with the United States avoiding public criticism of Mexico’s rampant drug violence and López Obrador’s assaults on democratic establishments, in trade for cooperation in curbing flows of migrants.
Arturo Sarukhán, Mexico’s former ambassador to the United States and a Washington-based advisor, stated that whereas Sheinbaum would probably be extra ideological than López Obrador, “what’s much more vital is how a deeply misogynistic man like Donald Trump will work together with the primary feminine president of Mexico”.
Private sector and foreign money buyers proceed to hope for a repeat of the Trump-López Obrador romance, with this week’s peso decline not as steep as when Trump was first elected. A senior banking govt stated most of his massive Mexican purchasers wished Trump to win, hoping that Republicans’ commerce battle with China would push extra U.S. firms to take a position south of the border.
“We are interdependent, whether or not we prefer it or not,” stated Antonio Ortiz-Mena, founding father of AOM Advisors and a former diplomat. “Mexico is extra skilled and has extra affect available on the market and joint manufacturing than (individuals assume).”
But persistence with Mexico has worn skinny within the U.S. capital lately, with cooperation in preventing drug cartels at current lows, U.S. firms complaining of a deteriorating enterprise local weather and Mexico ignoring states’ issues United relating to a wide-ranging evaluate of its judiciary.
Observers in Washington level out that the nation has no highly effective associates on Capitol Hill who would assist it fend off hostile legislative strikes. Sheinbaum has but to call an envoy to the United States.
“I’m unsure that the scenario in 2024 would be the similar as 2018,” stated Martha Bárcena, Mexico’s ambassador to the United States in the course of the first Trump administration. “I see much more modifications in U.S. public opinion that sees Mexico much less and fewer as a buddy and increasingly as a menace to nationwide safety.”

The Mexican chief’s far-left credentials are unlikely to endear her to Trump. Sheinbaum didn’t deny Colombian President Gustavo Petro’s claims final month that she was a former member of his now-defunct M-19 guerrilla motion within the Nineteen Eighties and just lately despatched an oil support cargo to the communist authorities of Cuba.
Trump’s “coverage in the direction of Latin America might be managed by Cuban-Americans in Florida,” Bárcena stated. “They won’t be comfortable that Mexico provides oil to Cuba, serving to Maduro (Venezuela President Nicolás). . . this might be one other massive level of friction.
The imminent revision of the US-Mexico-Canada free commerce settlement negotiated by Trump throughout his first time period looms over bilateral relations.
“Trump has already linked commerce and migration throughout his marketing campaign, threatening to make use of financial leverage to restrict migration flows via Mexico,” stated Eric Farnsworth, vice chairman of the Council of the Americas enterprise foyer in Washington.
“Sheinbaum should determine whether or not to withstand this strategy or. . . to fulfill US priorities. With a compulsory evaluate of the USMCA in 2026, the stakes are enormously excessive.”
Data visualization by Amy Borrett