Mexico’s President Claudia Sheinbaum announced the strengthening of “Plan Mexico”, an economic strategy with 18 immediate actions to face the uncertainty generated by the new global tariffs, particularly those imposed by the United States on key sectors such as steel, aluminum and the automotive industry.
The President explained that the plan includes a public and private investment of more than 200 billion dollars, focused on strengthening domestic consumption, substituting imports, increasing domestic production, and detonating large infrastructure projects.
Concrete measures
Among the most relevant actions of Plan Mexico are the following:
Domestic vehicle production: Production will be increased by 10% to supply the domestic market.
A decree will be published on May 16 to encourage cars consumed in Mexico to be manufactured in the country.
Energy self-sufficiency: The production of fuels such as gasoline, diesel and turbosine will be increased by 30%.
Permits for renewable energy generation will also be accelerated, ensuring that 54% of generation remains public.
Public works and employment: With rail, road and airport projects, between 500,000 and one million jobs are expected to be created in the remainder of the first half of 2025.
Food sovereignty: The plan calls for increasing white corn production to 25 million tons this year, as well as doubling bean and milk production to reduce food dependency.
The plan includes a public and private investment of more than 200 billion dollars
QueOnnda.com
Binational dialogue
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Sheinbaum stressed that, despite trade tensions, there is an open and respectful channel of dialogue with U.S. President Donald Trump.
The President assured that “Mexico has a competitive strategic position” and will continue to seek agreements to protect domestic industry.
Representatives of the private sector such as the CCE, Concamin and business leaders celebrated the relaunch of Plan Mexico.
They highlighted its potential to attract foreign investment through nearshoring, as well as to boost local production chains.
This plan represents a direct and indirect opportunity for many U.S. Hispanics by strengthening the economic link with Mexico.
In addition to generating jobs in binational companies and stabilizing the home economy of many migrant families.
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