US Warns Mexico to Stop Backpedaling Energy Reforms
US Secretary of State sent a letter to Mexico Officials articulating how their current position on energy policies are undermining trust and confidence in US investments and their commitment to the USMCA. It appears that the United States has grown weary of Mexico’s policies to pullback energy deregulation, and this letter highlights those concerns.
The US is Mexico’s top trade partner, and we are hopeful that meaningful discussions will take place to address this expanding divide. However, with the inauguration pending and the transition of power in The US, who knows what priority the Biden administration will give these negotiations?
This issue is manifesting itself in other US trade matters. See possible impact on agriculture from Reuters.