Sheinbaum Announces Economic Strategy Amid Tariff Threats

President Claudia Sheinbaum addresses the economic benefits of Mexican contributions to the U.S. in her morning conference. She emphasizes a comprehensive strategy to tackle potential tariffs.


Sheinbaum Announces Economic Strategy Amid Tariff Threats

President Claudia Sheinbaum led her 'morning' conference from the National Palace on Wednesday, November 13, accompanied by her energy cabinet, to explain the National Strategy for the Hydrocarbons and Natural Gas Sector. Amid statements from the Secretary of Economy, Marcelo Ebrard, regarding potential tariffs from the United States, Sheinbaum expressed her position on the matter.

The president announced that the Secretary of Economy and other departments are working on a plan to showcase the economic benefits that Mexicans bring to the United States, including how the Treaty between Mexico, the United States, and Canada benefits the latter country. Sheinbaum emphasized the importance of this data for the treaty review, considering any point that could jeopardize the economic interests of the U.S.

In another vein, on the occasion of the birthday of former president Andrés Manuel López Obrador, who turned 71, Sheinbaum sent her congratulations, recognizing his life dedicated to the transformation of the country. She highlighted López Obrador as the main political leader of the 21st century and the impact of his legacy on the nation.

Regarding Pemex's new Exploration Plan, the goal has been set for daily production of 1.8 million barrels of liquid hydrocarbons and 5 billion cubic feet of natural gas. For refining, the aim is to increase the production of gasoline, diesel, and aviation fuel by 343 thousand barrels per day, as well as to boost the storage capacity of petroleum products.

The director of Pemex, Víctor Rodríguez, announced that the company will undergo a republican austerity plan in order to merge into a single company under a new tax regime. Significant savings, improved productivity, and operational efficiency are expected, along with a renewed focus on sustainable and low-cost energy sources.

The Secretary of Energy, Luz Elena González Escobar, assured that during Claudia Sheinbaum's administration, there will be no increases in energy prices in real terms, promising that fuel costs will be lower than inflation.