AGP Executive Report
Last update: 8 hours agoCross-Border Politics: Democrats’ historic U.S. midterm sweep reshaped Texas, where Gina Hinojosa won the governorship, and California, where Xavier Becerra was elected governor. President Claudia Sheinbaum recognized the Mexican Americans’ victories; the results could matter for trade and relations with Washington. Mexico’s Economy: Exports to the U.S. reached a record $62.2 billion in September, up 40% year over year, with 83% entering under USMCA preferences. Finance executives see early signs of recovery, but manufacturing remains in contraction and the outlook is fragile. Trade: Mexico reached an agreement with Michoacán avocado producers to resume U.S. exports, easing a halt by growers. Regional Diplomacy: Sheinbaum skipped the Ibero-American Summit in Madrid, where only 10 of 22 member countries sent their leaders, underscoring divisions across the bloc.
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