Sheinbaum’s mañanera in 60 seconds
- 📈 Mexico ranks 10th globally for FDI: Finance Minister Édgar Amador Zamora cited a new UN Trade and Development report showing Mexico received roughly $41 billion in foreign direct investment in 2025, a 10.8% increase over 2024, placing it behind the US, Singapore, Hong Kong, China, Brazil, the UK, Germany, Canada and the UAE. He also pointed to rising 2026 export revenue and headline inflation falling to 3.55% in the first half of June.
- 🇲🇽🇺🇸🇨🇦 USMCA: No 16-year renewal for now, but Sheinbaum expects one eventually: Sheinbaum noted the U.S. declined to extend the USMCA for 16 years, calling it a decision driven by President Trump’s “protectionist vision.” The pact will now run for 10 years with annual reviews, but Sheinbaum said she believes a 16-year renewal will still happen down the line — perhaps after Trump leaves office — given how deeply integrated the three economies are.
- ⚖️ Government to escalate response to ICE death of Mexican national: Asked about the fatal shooting of Lorenzo Salgado Araujo by an ICE officer in Houston, Sheinbaum called his death “regrettable” and said her government is preparing new legal measures — beyond diplomatic notes and the Inter-American Commission on Human Rights filing — to respond to the deaths of Mexicans in ICE custody. She said Foreign Affairs Minister Roberto Velasco could present the measures on Thursday.
Why today’s mañanera matters
At President Claudia Sheinbaum’s Wednesday morning press conference, Finance Minister Édgar Amador Zamora took the opportunity to highlight some good economic news for Mexico that was included in a new United Nations report.
Although economic growth in Mexico has recently been sluggish, the federal government frequently asserts that the economy is strong, pointing to positive indicators such as record foreign investment and exports, low unemployment and a relatively strong peso.
Amador was on hand to do that again on Wednesday morning.
For her part, Sheinbaum expressed confidence that the USMCA free trade pact will be renewed for an additional 16 years at some point in the future, although the United States is not currently in support of such an extension. Her remarks about the future of the six-year-old trade agreement that superseded NAFTA in 2020 and which underpins Mexico’s commercial relationship with the U.S. and Canada were among the most important at today’s mañanera.
Also of note at the press conference was Sheinbaum’s announcement that her government is preparing an even stronger response to the death of Mexican nationals in the custody of U.S. Immigration and Customs Enforcement (ICE).
Mexico ranked No. 10 for FDI in 2025
Amador noted that the United Nations Conference on Trade and Development (UNCTAD) published a report this week that showed that Mexico was among the top 10 countries for foreign direct investment (FDI) inflows in 2025.
Mexico was the world’s 10th largest recipient of FDI last year, according to UNCTAD, behind the United States, Singapore, Hong Kong, China, Brazil, the United Kingdom, Germany, Canada and the United Arab Emirates.
Amador noted that Mexico received around US $41 billion in FDI last year, a 10.8% increase compared to 2024.
“It’s a sign of the confidence in the policies of the administration of President Sheinbaum, in the macroeconomic framework and in the stability of the country’s macro-financial variables,” he said.
The United States received $277 billion in FDI last year, while Singapore, Hong Kong and China received $151 billion, $116 billion and $105 billion, respectively. They were the only four territories that received more than $100 billion in FDI last year.
In the first quarter of 2026, Mexico received just under $23.6 billion in FDI, a 10.4% increase compared to the same period of last year.
Amador highlighted a range of other good economic news for Mexico, including the increase in export revenue in 2026 and the decline in inflation, which fell to a headline rate of 3.55% in the first half of June.
Sheinbaum: North American economic integration is ‘very difficult to break’
Sheinbaum noted that the U.S. government decided last week not to renew the USMCA free trade pact for an additional 16 years.
“It’s a decision that the United States took. … It took it for Mexico and for Canada,” she said, acknowledging that the USMCA hasn’t been renewed until 2042 even though the Mexican and Canadian governments were in favor of such an extension.
“… It’s a decision of President Trump for Canada and for Mexico related to a protectionist vision,” Sheinbaum said.
She noted that the USMCA is now slated to remain in place for the next 10 years, although the pact will be subject to annual reviews.
Sheinbaum highlighted that at some point in the coming 10 years, Mexico, the United States and Canada could reach an agreement to extend the USMCA for an additional 16 years.
“That can happen at any time,” she said.
“… The truth is I think it will be renewed for another 16 years, even if it takes four or five years, because the economic integration [in North America] is enormous,” Sheinbaum said.
“… Our economy is so integrated [with the United States] that even with the [U.S.] tariffs, we’re still exporting more to the United States and we’re buying more from the United States. We’re the top buyer from the United States,” she said.
🚨 Claudia Sheinbaum sostuvo que la revisión anual del T-MEC fue impulsada por Donald Trump como parte de una política de protección económica para Estados Unidos.
La mandataria dijo que el proceso no está relacionado con los índices delictivos en México.#TMEC #Economía… pic.twitter.com/J6ovI24Ib9
— Emeequis (@emeequis) July 8, 2026
“I’ve said that to President Trump in the calls we’ve had. In other words, we’ve stopped buying from Asia, especially from the countries with which we don’t have trade agreements, and we’re buying more from the United States,” Sheinbaum said referring to a reduction in purchases from countries such as China rather than a complete halt on imports from Asia.
“And we’re also selling more to the United States. The economic integration that has occurred in the last 30 years is very difficult to break,” she said.
Sheinbaum acknowledges death of Mexican man shot by ICE
A reporter asked the president about the death on Tuesday of Mexican man Lorenzo Salgado Araujo, who was shot by an ICE officer in Houston, Texas.
According to the U.S. Department of Homeland Security (DHS), of which ICE is part, at approximately 6:50 a.m. local time in Houston on Tuesday, “ICE law enforcement attempted to conduct a vehicle stop as part of a targeted enforcement operation to arrest an illegal alien.”
“The driver of the vehicle, Lorenzo Salgado Araujo — an illegal alien from Mexico — attempted to evade arrest. From the information we are receiving, he rammed an ICE law enforcement vehicle, refused to follow multiple verbal commands, and weaponized his vehicle in an attempt to run over an ICE law enforcement officer resulting in our officer firing his weapon in self-defense,” DHS said.
“The driver was struck, and emergency services were immediately contacted. The driver was transported to the hospital where he passed away from his injuries.”
Salgado’s death follows the deaths of more than a dozen Mexicans in ICE custody during the second Trump administration.
Sheinbaum called the death of Salgado “regrettable” and said her government is preparing “legal measures” to express its condemnation of the deaths of Mexicans in incidents involving ICE.
“Our objective is to go beyond diplomatic notes and what we presented at the Inter-American Commission on Human Rights,” she said.
“… We can’t allow the mistreatment of our brothers and sisters in the United States, our compatriots,” Sheinbaum said.
“We’re proposing other measures. The Ministry of Foreign Affairs will present them,” she said.
Sheinbaum said that “the only offense” of Mexicans who have died in ICE detention centers is “not yet” having immigration papers.
13 Mexicans have died in US custody during the Trump administration
“There is no reason for them to be in detention centers or for violence to be used against them,” she said.
“So we’re preparing more significant legal measures,” said Sheinbaum, who indicated that Foreign Affairs Minister Roberto Velasco could present the measures on Thursday.
By Mexico News Daily chief staff writer Peter Davies (peter.davies@mexiconewsdaily.com)
