Mexico in dialogue with US; cocaine seizures rise; Fed cuts rate

Mexico and the US discuss cooperation in the fight against drug trafficking. Cocaine seizures are increasing. The US Federal Reserve has cut its key interest rate. Mexico plans to reallocate budget funds.


Mexico in dialogue with US; cocaine seizures rise; Fed cuts rate

Mexico is in dialogue with the authorities of the northern neighbor, confident in reaching an understanding. The Pacific remains the main route for cocaine, with seizures on the rise. Seizures in Mexico total 229 tons between 2020 and 2024, positioning it as the second country with the most confiscations of this drug in the region. High-ranking Mexican officials had previously requested the U.S. ambassador to respect protocols and capture, rather than eliminate, drug trafficking suspects. Meanwhile, in the eastern Pacific, the Pentagon conducted another operation. In economic news, the U.S. Federal Reserve cut its rate for the second consecutive time, setting it at 3.75-4%. This decision is a reaction to economic and employment slowdown. In Mexico, the MORENA party in the Chamber of Deputies announced budget cuts for autonomous bodies to reallocate funds to culture, education, agriculture, and road construction. President Claudia Sheinbaum vetoed the Felipe Ángeles International Airport (AIFA), calling the measure unfounded and unilateral, stating: "Mexico is not anyone's piñata."