Mexico Aims for Pemex Financial Self Sufficiency by 2027
The Mexican government will continue providing Pemex with financial support until the company becomes operationally self sufficient in two years, President Claudia Sheinbaum said in her daily press briefing Tuesday.
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Politico
2 hours ago
- Politico
Trade preppers
Welcome to Canada Playbook. Let's get into it. In today's edition: → Ottawa's early moves ahead of the USMCA review. → The PM convenes Métis leaders in the capital. → The metals sector lobbyists working to influence the Carney crew. Trade war CONTINGENCY PLANNING — It's not entirely clear when Canada, the United States and Mexico will formally review the continental trade pact that has so far withstood the onslaught of DONALD TRUMP's tariffs. At least one federal department once gamed out the possibility Trump would want to renegotiate the U.S.-Mexico-Canada Agreement soon after returning to the White House. — No surprises (yet): Foreign Affairs Minister ANITA ANAND told Playbook Wednesday evening that the review of the deal will start on time next year. Pro subscribers can read more from our interview with the minister later today. — Moving target: The USMCA is scheduled for review on July 1. Prime Minister MARK CARNEY said this week that he expects the talks to commence in 'about nine months' — most of the way to July. Canada-U.S. Trade Minister DOMINIC LEBLANC told Playbook last week that he'd spoken with his Mexican counterpart about kickstarting talks as soon as this fall. — Always be prepared: A Natural Resources Canada slide deck dated November 2024 offers clues to what the department was thinking as Ottawa prepared for Trump 2.0. The slides, disclosed under the federal access-to-information law, set out the broad strokes of internal planning for the USMCA review with all the standard fare: 'stakeholder' workshops, interdepartmental confabs, working groups. → 'A potential Trump path': One slide envisions a review more than a year ahead of schedule, an NRCan task force, and 'accelerated prep' for potential talks as early as January — forced by a Trump administration intent on speeding up the calendar. The slide doesn't offer much insight into the department's thinking. Most of the bullet points beneath each heading are redacted under the 'advice and recommendations' provisions of the federal access law. — In case you missed it: On Wednesday, Ontario Premier DOUG FORD advised Ottawa to ready negotiators for an early start. 'I think it'll be coming in November, in my opinion,' he said. — Top of the NYT this hour: Staggering U.S. tariffs begin as Trump widens trade war. — From POLITICO's MEGAN MESSERLY: Why Mexico was the only country to get a 90-day tariff reprieve from Trump. THE ROOMS THAT MATTER — The PM will meet Métis leaders at 50 Sussex Drive. The summit runs from 10:10 a.m. until 2:15 p.m., and includes several working sessions: 'Dialogue on Meaningful Consultation, the Major Projects Office and the Indigenous Advisory Council;" 'Métis Economic Prosperity, Partnership and Participation"; and 'Working Together.' — Conservative Leader PIERRE POILIEVRE will hold a press conference in Calgary, Alberta, at 9 a.m. local time. (That's 11 a.m. in Ottawa.) — In Montreal, Canadian tennis phenom VICKY MBOKO plays for the National Bank Open championship at 6 p.m. DRIVING THE DAY MÉTIS MEETUP — Prime Minister MARK CARNEY convenes the third 'major projects summit' in a series when he gathers with Métis leaders today in Ottawa. The PM promised Indigenous leaders earlier this year that he'd consult them on ambitious plans to unlock 'nation building' projects meant to unleash prosperity at home amid a trade war. Today's confab lacks the scale of last month's high-profile check-in with First Nations chiefs, which spanned two days and took over the Canadian Museum of History's Grand Hall. And the PM will stick much closer to home compared to his July 24 summit with Inuit leaders in Inuvik, Northwest Territories (distance from Rideau Cottage: 2,500-plus miles). — Scenic view: Today's summit goes down a 15-minute walk from home at 50 Sussex Drive, also the full-time HQ of the Royal Canadian Geographical Society (and neighbor to Tavern on the Falls, where locals and tourists may gather oblivious to the conversations next door). — Métis reps at the table: The Métis National Council and Métis Nation of Ontario (MNO). → Taking a pass: The Manitoba Métis Federation boycotted the summit, telling reporters on Wednesday that the Ontario-based group that scored an invite is illegitimate. Critics insist the MNO has no claim to Métis heritage. The Manitoba group has also distanced itself from the national council. DAVID CHARTRAND, the president of the Manitoba federation, remained open to meeting with Carney: 'If you want to come and sit down with my cabinet in a government-to-government relationship, we will meet,' he said. 'But if you want to insult us, then we'll see each other in a different political realm in the future.' — Ministers in the room: MANDY GULL-MASTY (Indigenous services); REBECCA ALTY (Crown-Indigenous relations); REBECCA CHARTRAND (Northern and Arctic affairs); DOMINIC LEBLANC ('One Canadian economy'); TIM HODGSON (Energy and natural resources); BUCKLEY BELANGER (Rural development). Want more POLITICO? Download our mobile app to save stories, get notifications on U.S.-Canada relations, and more. In iOS or Android . MORNING MUST-CLICKS — 'There is no place in B.C. this year, and frankly, probably any year, that is going to be safe from the threat of wildfires,' CLIFF CHAPMAN, director of wildfire operations with the BC Wildfire Service, said during a briefing Wednesday. The Canadian Press has details. — 'Getting forest fires under control is also an act of sovereignty,' ALLISON SMITH argues at TorontoToday. — 'The Big Story' pod contemplates the PM's first 100 days in office. — Novelist KATHERINE GOVIER writes in the Globe: 'Canada is wide, and it's hard to love what you don't know.' A must-read for those who fret about who gets to call themself an Albertan. — POLITICO's NICHOLAS WU and colleagues report that voters are greeting Republicans with jeers over the One Big Beautiful Bill Act at their town halls. PROZONE For POLITICO Pro subscribers, here's our latest trade news: — Trump says he will put 100 percent tariff on semiconductors. — Brazil launches WTO case over Trump's tariffs. — US to hike tariffs on India to 50 percent over Russian oil purchases. — EU won't budge on its rules in handshake US trade deal. — How Trump's $150 billion tariff brag could backfire. And our latest Pro policy newsletter: Ford dishes on Lutnick, bashes Trump. LOBBY WATCH STEEL A GLANCE — The Trump administration doesn't appear willing to relent on tariffs slapped on Canada's steel and aluminum sector. But as the Carney government considers its own next steps, a small army of lobbyists is busy making the case for Canadian metals. The two most active organizations rep major players in that world. — Most active companies: ArcelorMittal Dofasco, the steel producer that employs thousands of Hamiltonians, has so far posted dozens of meetings with government officials since the election. Industry Minister MÉLANIE JOLY has been in the room for several. The company's longtime lobbyist is TONY VALERI, the former Liberal Cabinet minister and Hamilton MP. The Canadian Steel Producers Association has logged dozens of its own tête-à-têtes with various politicians and senior bureaucrats since the Liberal win on April 28. The industry voice's top target is PATRICK HALLEY, the Department of Finance's assistant deputy minister of international trade and finance. The next most frequent meetingmates: KIRSTEN HILLMAN, Canada's top envoy in Washington; IAN FOUCHER, chief of staff to Finance Minister FRANÇOIS-PHILIPPE CHAMPAGNE; Joly and her chief of staff, PAUL MOEN. → Don't forget about the other metal: Alcoa Canada, the aluminum-producing giant, has posted 22 meetings — including three apiece with Joly and Energy and Natural Resources Minister TIM HODGSON. — All the vested interests: Each of these organizations has registered in-house or consultant lobbyists who list steel or aluminum among their advocacy priorities: → Sorel Forge, Algoma Steel, Evraz Inc. Canada, Aluminium Association of Canada, Tenaris, Heico, Ivaco Rolling Mills, Atlantic Coated Papers, McNairn Packaging, Canada National Steel Car Ltd., Canadian Institute of Steel Construction, Stelco Inc., United Steelworkers, LNG Canada Development Inc., JFE Shoji Power, Steel-Craft Door Products Ltd., Tata Steel Minerals Canada Ltd., Labatt Breweries, Ford Motor Company of Canada, Rio Tinto Canada Management, Tempel Steel, Nucor Steel, Beer Canada, Morgan Canada Corporation, Wirth Steel, Salzgitter Mannesmann International (Canada), Cantak Corporation, Wohler Canada and the Japan Iron and Steel Federation. — All the door knockers: Federal lobbyists are lining up to rep the metals. All of these firms have clients in the steel and aluminum space: → TACT, Rubicon Strategy, Maple Leaf Strategies, Sussex Strategy Group, Crestview Strategy, McMillan LLP, Summa Strategies, Conlin Bedard LLP, Fratton Park, Ridge Strategy Group, First Lake Solutions, Enterprise Canada, Temple Scott Associates, NorthStar Public Affairs, Prospectus Associates, Loyalist Public Affairs and Grey, Clark, Shih and Associates. Our daily check-in on federal lobbyist registrations and notable meetings around town: — Capital Power, an Edmonton company that wants to power Alberta-based data centers that fuel 'world-changing innovation driven by AI,' posted a July 28 meeting with senior bureaucrats — including MARK SCHAAN, deputy secretary to the Cabinet for AI. — Syntax Strategic's JENNIFER STEWART is lobbying for the Kiewit-Vinci joint venture that is building Ottawa's east-west light rail extension. A top priority: 'create awareness of the financial impact of the Covid-19 pandemic on major infrastructure projects, including Ottawa's Light Rail Transit system.' PLAYBOOKERS Birthdays: HBD to economist CHRIS RAGAN, former MP JIM PANKIW, Aecon executive vice president TIM MURPHY and Coalition Avenir Québec MNA DONALD MARTEL. Noted: The Supreme Court announced that Chief Justice RICHARD WAGNER will lead a visit to Yellowknife, Northwest Territories, next month. — PHILIPPE DUFRESNE, Canada's privacy commissioner, has opened an investigation into a breach at WestJet, our colleagues on the cybersecurity team report. In June, the airline announced a breach where hackers were able to gain access to the airline's systems. Movers and shakers: STEPHANE LEBLANC, a longtime public servant who was most recently deputy director of Canada's Future Fighter Capability Program, launched Sherwood Hamilton Strategies … BEN CARRIERE, a former legislative assistant on the Hill, is now a government relations associate at Blackbird Strategies. From the ethics files: The PM declared a recent trove of gifts, including a sculpture of Winston Churchill from U.K. PM KEIR STARMER … Wireless earbuds from Japanese PM SHIGERU ISHIBA … An Indigenous handcrafted decorative soccer ball by Menchaca Studio, from Mexican President CLAUDIA SHEINBAUM … A framed 'Gallipoli' poster and Akubra Cattleman hat from Australian PM ANTHONY ALBANESE … A 100 percent Afghan hand-knotted carpet by Zuleya, from UAE Deputy PM SHEIKH ABDULLAH BIN ZAYED AL NAHYAN … Blended whisky from Black Fox Farm and Distillery … a Toronto Maple Leafs jersey from Ontario Premier DOUG FORD … a Saskatchewan Roughriders jersey from Saskatchewan Premier SCOTT MOE … wolf mittens from Northwest Territories Premier R.J. SIMPSON … Midnight Ammolite bracelet and cufflinks from Treaty 7 First Nations chiefs … A Canada flag beaded medallion from ROY WHITNEY, chief of the Tsuut'ina Nation … And a beaded medallion from Chiniki First Nation. Starmer also gifted DIANA FOX CARNEY 10 Downing Street decorative tea pot and mugs by Emma Bridgewater … HEIKO VON DER LEYEN gifted the PM's spouse a Longchamp Le Pliage Original XL travel bag. TRIVIA Wednesday's answer: When MARK CARNEY visited the White House in May, President DONALD TRUMP gifted him a framed Washington Capitals jersey (Carney, No. 24). Props to ANDREW BALFOUR, JOHN ECKER, JOHN MERRIMAN, DARREN MAJOR, JOHN PEPPER, BARRY J. MCLOUGHLIN, RAY DEL BIANCO, MORGAN LARHANT, ELIZABETH BURN, RAYLENE LANG, BARBARA WRIGHT, ALEXANDER LANDRY, MALCOLM MCKAY, DARRYL DAMUDE, ROOYA RAHIN, DANIEL PERRY, SEAN SUNDERLAND, JONATHAN MOSER, BOB GORDON, RÉMI AUTHIER, JOHN ALHO, FELIX BERNIER, NATHAN CATO, SEAN SUNDERLAND, DANIEL PERRY, ROOYA RAHIN, MICHAEL HORNAK, SARA MAY and ROBERT MCDOUGALL. Today's question: Which federal building in downtown Ottawa is named after a U.S.-born federal minister who served under MACKENZIE KING and LOUIS ST. LAURENT? Send your answer to canadaplaybook@ Writing tomorrow's Playbook: NICK TAYLOR-VAISEY and MIKE BLANCHFIELD. Canada Playbook would not happen without: Canada Editor Sue Allan, editor Willa Plank and POLITICO's Grace Maalouf.
Politico
3 hours ago
- Politico
Mexico was the only country to get a 90-day tariff reprieve from Trump. Here's why.
'Her discipline, message, dialogue, accommodating the U.S. on security and on migration have all helped,' said the former American official who worked on U.S.-Mexico issues during the first Trump administration. 'And given how Trump sometimes is given to just impromptu comments, it's kept them from getting zapped on something bigger just because Trump was angered by something.' And White House officials say Sheinbaum's willingness to cooperate on Trump's top priorities — migration and fentanyl — has bought her goodwill in the West Wing. In addition to her troop deployment and extradition efforts, Sheinbaum has ramped up drug enforcement by seizing fentanyl precursors, raiding opioid labs and arresting cartel members. Crucially, she has not issued retaliatory tariffs against the U.S. and has remained warm in how she talks about Mexico's relationship with its northern neighbor. In April, Canada announced countertariffs on American products, including 25 percent on certain autos, and Canadian Prime Minister Mark Carney has spoken out forcefully against American tariffs, which he has called a 'direct attack' on his country. So far, the White House appears appreciative of Sheinbaum's approach. 'They've been more forthright,' said a second White House official. 'They've handled this better.' Sheinbaum has been deliberate in her relationship with Trump. She has received counsel on how to approach the U.S. president from both her predecessor and mentor, Andrés Manuel López Obrador, who had a warm relationship with Trump during his first term, and prominent Mexican business leaders with ties to Trump world, according to three of the former U.S. and Mexican officials. Sheinbaum, a physicist who completed her postdoc at the University of California, Berkeley, speaks English, including during calls with Trump. She has also earned a reputation for the data-driven approach she takes to their conversations, including citing the U.S.'s own data to show Trump that seizures of fentanyl at the U.S.-Mexico border have dropped dramatically. 'If you look at what the Mexican government has put out, and what she has said herself in the press conferences that she gives, she has been crystal clear about what Mexico is doing on the number of issues that affect both Mexico and the U.S. with clear data and clear follow up,' said one Mexican official. 'It's a clear roadmap with clear benchmarks and clear indicators, and I think that's a language that Americans speak.'
Yahoo
7 hours ago
- Yahoo
Why doesn't Canada already have a stronger relationship with Mexico?
With tensions once again heating up in Canada's trade negotiations with the United States, and the Trump administration blaming the "elbows up" approach, Canadian officials are scrambling to build new relationships, including with one of its closest neighbours: Mexico. The effort began at the G7 summit in Kananaskis, Alta., in June, where Prime Minister Mark Carney invited Mexican President Claudia Sheinbaum to meet with him privately, Foreign Affairs Minister Anita Anand said from Mexico City Tuesday. Anand is in the Mexican capital with Finance Minister François-Philippe Champagne to build a "bilateral economic relationship." But the trip has prompted some experts to ask why it didn't happen sooner. Carney's first trip abroad was to France and the United Kingdom, where he discussed not only broadening trade, but security ties as well and invited King Charles to deliver the throne speech. While France and Britain are key allies, Mexico is a bigger trading partner than those two countries, said Laura Macdonald, a political science professor at Carleton University. "There's a historic reluctance by Canada to engage seriously with Mexico," Macdonald said. "And there's a tendency for them to fail when they try to work together." Anand and Champagne's visit signals a willingness to change that, Macdonald added. No bilateral trade agreement, says Sheinbaum While the two senior ministers met with Sheinbaum for more than an hour and Champagne hailed the talks as "quite extraordinary," anyone hoping that they would leave with the makings of a bilateral trade deal shouldn't get their hopes up. At a news conference Wednesday, Sheinbaum said her meeting with the Canadians was "very good," but that "there is no need" for a separate agreement. "We have the trade deal with the United States, Canada and Mexico," Sheinbaum said. Anand wrote on X Wednesday that she and Champagne are meeting with Mexican business leaders on the second day of their trip "to explore new opportunities and to strengthen strategic partnerships." Getting over the halting nature of Canada and Mexico's relationship will take work, Macdonald said. Canadian businesses have been so used to prioritizing U.S. partners that there has been little effort to, for example, learn Spanish or work to overcome other cultural barriers, she said. "I don't think it's been taken seriously as a modern, diversifying economy and I think that's short-sighted and portrays our kind of colonial mindset toward the world in general," Macdonald said. "Mexicans, similarly, don't know very much about Canada, and think of it as a cold place and an extension of the United States." WATCH | 'Elbows up' sets Canada apart from Mexico in negotiations, says U.S. ambassador: Macdonald has been part of a project by the Canadian union Unifor to partner with Mexican unions to help fight labour abuses in Mexico. "It's important for Canada to be seen as part of solutions to problems of inequality in Mexico … and not just see it as a site for low-wage production as it was kind of built into NAFTA and CUSMA," Macondald said. She noted that arrangement contributed to the U.S. and Canada losing manufacturing jobs. Stuart Bergman, the vice-president and chief economist at Export Development Canada (EDC), has made a case for shoring up Canada's trade relationship with Mexico. In April, he wrote on EDC's website that only three per cent of Canada's two-way merchandise trade is attributed to Mexico, while the U.S. accounts for 70 per cent. He said that a portion of the merchandise Mexico imports from China could be replaced by Canadian equivalent products, including autos and parts. Canada-Mexico trade 'far below potential' Tuesday, the Business Council of Canada echoed Bergman's post, calling Canada (BCC)'s trade and business ties to Mexico "underdeveloped and far below its potential." Canada and Mexico buy fewer than three per cent of each other's overall exports, wrote Shauna Hemingway, the BCC's senior special adviser on Mexico and the Americas. And while Canadian investments in Mexico have increased "dramatically" since 2010, Mexican investment in Canada stalled at $3.1 billion US in 2023, she said. "Our inability to accurately assess what we mean to each other's economies … impacts our decision-making and both countries tend to look much more readily to the east to Europe and west to Asia," Hemingway said. Economists and trade experts say the potential for increased trade lies especially in goods not covered by the Canada-U.S.-Mexico Agreement (CUSMA) — such as raw materials like lumber and critical minerals, as well as on goods U.S. President Donald Trump has slapped with high tariffs (or threatened to do so), including steel, aluminum, copper, autos and pharmaceuticals. Anand said Canada and Mexico have agreed to build a work plan that focuses on resilient supply chains, port-to-port lines of trade, artificial intelligence, agri-food, the digital economy and energy security. WATCH | G7 prompted Canada-Mexico diplomatic efforts, says Anand: On the periphery of Canada's diplomatic efforts toward Mexico, a rumour emerged that the two countries had agreed to create a "trade corridor" somehow bypassing U.S. duties. The rumour appears to have come from a seemingly AI-generated YouTube video from the channel PPR Mundial posted July 18, alleging Canada and Mexico are planning to divert $120-billion worth of U.S. trade from American ports by delivering goods by rail and sea "without entering Texas ports" in a so-called "Northern Corridor." The video claims Canada's exports like steel, "maple" and lumber will head to the Gulf of Mexico via a "coastal shipping bridge." The distance between the two countries' largest ports, the Port of Vancouver and Port of Manzanillo, is around 4,917 kilometres by ship according to one estimate. The video is riddled with factual errors, including the types of customs charged on goods passing through the U.S. as well as trade and economic figures, and rarely cites verifiable sources. "The first thing I thought is, 'How in the world would this be done?'" said Debra Steger, professor emerita at the University of Ottawa's faculty of law and a senior fellow at the Centre for International Governance Innovation and the C. D. Howe Institute, specializing in international trade law. "I guess if you went out into international waters, sure, OK. But I mean, how many goods could you put on ships and how long would it take for them to get there? And putting things on planes — you can't put everything on a plane and it's very, very expensive." Steger added that she hopes Champagne and Anand are exchanging information with Mexican officials on their respective countries' negotiations with the U.S. It's unclear if that has happened. When asked repeatedly by reporters Tuesday evening, the ministers declined to answer whether they knew why Mexico has been so far spared the 35 per cent tariffs on non-CUSMA-compliant goods. Anand said only that Canada and Mexico's trade relationships to the U.S. are complex and different. Carney indicated Tuesday that Canada could ease up on retaliatory tariffs and that he would have a phone call with Trump when it "makes sense." Sheinbaum spoke with Trump shortly before news of her country's 90-day exemption from the upped tariffs.
