The presidential environment has come to the conclusion that Trump seeks to promote his ideas, raising concerns about the future of the economy. There are fears that exchange rate turbulence could arise this week, as the market may act against the Mexican peso.
During Monday's session, while signing a series of executive orders, Donald Trump hinted that he would impose tariffs on Mexico starting February 1. These actions have fueled uncertainty, and those close to Rogelio Ramírez de la O suggest that the secretary is in his final days in the administration, a claim that Sheinbaum herself has rejected.
Within the government, the idea is growing that Sheinbaum should appoint a replacement for Ramírez de la O, as well as for the embassy in Washington. They are looking for a figure with their own authority capable of engaging on equal terms with a cabinet like Trump's, composed of tycoons and experienced politicians.
The turbulence provoked by Trump threatens to shape the start of the current government and divert attention from issues deemed extremely important, such as judicial election, a reform that faces resistance from much of the business community, which perceives it as undermining the business climate in Mexico.
This shift in direction has disrupted the calm that followed the inauguration speech, in which the president barely mentioned tariffs. As a result, the exchange rate remained stable without major disruptions. At Palacio Nacional, the afternoon was marked by a cabinet meeting called by Claudia Sheinbaum, where speculation arose about the possibility of the dollar reaching 24 pesos.
These circumstances unfold during a time of uncertainty regarding the future of the Secretary of Finance and the pending vacancy on the Board of Governors of Banxico.
