Elon Musk's contract with the state electricity company CFE, awarded in 2023 and expiring next year, has gained strategic importance despite representing a smaller billing amount for Musk. CFE is crucial as a gateway for Musk's communications company in Mexico and Latin America.
In a context where Carlos Slim has ended his business agreements with Musk after the latter hinted in January about alleged links between Slim and organized crime, pressure on Musk has increased. It is rumored that this pressure comes from members of Trump's team annoyed by Musk's influence on the U.S. government.
Recently, Musk attended a cabinet meeting where all officials were asked to obey him, according to reports from the Washington Post. Meanwhile, the Mexican Treasury foresees stagflation in the economy as a result of Trump's tariff policies, which could lead the Republican president into a difficult mid-term situation.
At Palacio Nacional, they believe that Trump's recent snub to the Ukrainian president in the Oval Office might be related to the intention to divert attention from the tariff war. Meanwhile, it is debated whether Trump will 'distract himself' from his trade conflict with Mexico due to other international issues.
The planned retaliatory measures could affect the states where Trump has considerable popular support. In this context, state media have published information about Musk's business, Starlink, in Mexico through CFE. Musk, with a contract of more than 120 million dollars to provide satellite internet, finds himself in a potential conflict situation with the Mexican government.
It is mentioned that Claudia Sheinbaum could announce vetoes on operations of U.S. companies in Mexico at an upcoming event in the Zócalo. In the presidential environment, it is confirmed that this conflict is part of the measures under discussion at Palacio Nacional in response to Trump's tariff policies, thus maintaining an open and unresolved conflict.
