Legal uncertainty and helplessness are the dark cloud hanging over Mexican investors, who are calling for Mexico to seek a truce with Trump in line with US demands. The key event for this, according to business leaders, was the FIFA World Cup, but tensions over game details, budgets, and venues caused this negotiation option to lose momentum. When questioned about how the renegotiation will work, Trump said he "isn't even thinking about the USMCA." The outlook for investors and free-market promoters in Mexico is not encouraging, and it is taken for granted in the business chambers' leadership that the Mexico, United States, and Canada Agreement (USMCA) will be replaced by two bilateral agreements. However, as learned by LPO from members of the Business Coordinating Council and the Confederation of Industrial Chambers, there is a demand within the sector for the Ministry of Economy to transfer the same commercial guarantees established in the USMCA to the new agreement with the White House. The crux of the matter is that an agreement does not have the same legal hierarchy as an international treaty with three signatory states. Nevertheless, the cancellation of the trilateral treaty no longer sounds impossible; rather, it seems a "remote" scenario, to use the words of Marcelo Ebrard. With the immediate precedent of the aggression against Venezuela, pressure is mounting on the head of the Ministry of Economy for Ebrard to promote a truce between the leadership of the Fourth Transformation (Presidency, governors, leaders of the Legislative and Executive branches) and the regime in the White House. Now they are pointing in another direction: the bilateral agreement. Since his campaign, the Republican promised to adjust the agreement with which he himself buried NAFTA and pave the way for a new era of North America, at least in commercial terms. This news outlet reported promptly from the beginning of Donald Trump's second administration on the bleak future of the USMCA, which could be canceled in 2026 if the US President's statements are taken seriously. "The trilateral treaty has no real advantage, it's irrelevant," he declared this Tuesday during a tour of a Ford Motor plant in Michigan. To this end, they are asking him to set up a 'Joint Room' where business leaders can have a leading role and open doors in diplomacy, instead of letting walls be built, whose presence can be seen on the horizon.
