Plan Mexico: Sheinbaum’s strategy to attract investment amid uncertainty over Trump
Mexico is aiming for a complete turnaround in its industrial policy through the “Plan Mexico” initiative. President Claudia Sheinbaum unveiled her ambitious six-year strategy this month, which is aimed at targeting $277 billion in investments, reducing imports from Asia — particularly China — and boosting domestic and North American production. While Sheinbaum insists that the plan is not a direct response to U.S. President Donald Trump’s recent threats of imposing a 25% tariff on Mexican imports, the government’s blueprint arrives in a challenging context due to the uncertainty generated by Trump’s rhetoric, a slowdown in local consumption, and an overall economic deceleration in the country.
