MI’s Mexico Foreign Press Chatter – Feb. 20, 2025

Headlines this week continued to cover Mexico’s security challenges, as recent events have cast doubts on Sheinbaum’s strategy. The AP used the case of disappeared miners in Sinaloa to illustrate how cartels fighting undercut government claims of increasing control. Meanwhile, The Guardian cited México Evalúa data, which estimates a 200% increase in disappearances over the last 10 years, underscoring a full-on crisis that dangerously “invisibilizes” violence and forces families to search on their own. For its part, Bloomberg focused on extortion, using the recent arrest of Tequila’s mayor to highlight both the impact on business and the government’s readiness to pursue corruption within Morena. At the border, the LA Times framed last week’s airspace closure in El Paso as a reminder to Mexican officials of how fragile U.S.-Mexico’s coordination remains. Also on drones, Brookings had a deep dive on their “extensive and growing” use by cartels. Still, successful military operations continue to take place, with the AP reporting on a seizure of over 10 tonnes of cocaine by the Mexican and Salvadorian navies, while Reuters highlighted the discovery of a tunnel network in Hidalgo used for fuel theft and storing drugs.

Increasing political pressure and disputes also gathered headlines on an array of topics. Bloomberg examined how Cuba’s energy crisis is forcing Sheinbaum to balance historic solidarity with Havana against economic realities tied to Washington, dividing opinion within her own party — a dilemma sharpened as the UN recognizes a humanitarian emergency on the island and the WSJ notes Mexico’s recent aid is unlikely to ease the strain. Meanwhile, The Guardian covered Sheinbaum’s formal protest of the UK’s asylum decision for Karime Macías, wanted in Mexico for alleged embezzlement tied to her ex-husband Javier Duarte’s corruption case. In Congress, Sheinbaum’s proposed electoral reform continues to stall coalition concerns over funding and seats, per Bloomberg. Elsewhere, the AP explored the social costs of World Cup infrastructure upgrades in Mexico City, pushing out sex workers and street vendors long embedded in the social fabric of the neighborhoods surrounding the Estadio Azteca. And in one of the most bizarre stories on Mexican politics in past few years, the FT reported on the dismissal of Marx Arriaga, an Education Ministry official who refused to update textbooks on ideological grounds, and who commandeered his former office for four days.

On business and the economy, Bloomberg reported that President Sheinbaum’s is privately seeking advice from business leaders and economists, as her “Plan Mexico” fails to get traction amid lingering doubts over last year’s judicial reform. The approaching USMCA review adds another layer of risk, though Bloomberg’s J.P. Spinetto argued in an op-ed that deep supply-chain integration and deeply entrenched economies make a U.S. exit unlikely, even if adjustments are inevitable and necessary. In this context, both Bloomberg and Reuters reported on a meeting between Mexican and Canadian representatives held on Monday, which reaffirmed their commitment to trilateral trade while strengthening bilateral ties. On the other hand, the New York Times reported President Trump is considering dropping Canada from the regional trade agreement. Meanwhile, in the auto industry, Bloomberg reported that the government’s crackdown on “huachicol” has added bureaucracy to lubricant and grease imports necessary for car manufacturing, putting stress on one of Mexico’s largest manufacturing sectors. Elsewhere, the FT reported on Ricardo Salinas Pliego’s legal battle against lenders he accuses of fraud. In more positive news, fintech continues to increase its offerings to Mexico’s largely underbanked population, with Plata card granted the final approval to start operations as a bank, while used-car platform Kavak secured US$300 mn in a major funding round. Pemex also raised funds, returning to debt markets in a move that meant Mexico’s debt issuance reached a monthly record, per Bloomberg.

Shifting gears, the WSJ reported on Mexicans’ new-found obsession with the capybara, a rodent native to South American countries, which puts into question exactly why it has gained such cultural traction in Mexico. In sports, The Athletic followed up on last week’s announcement of the NFL’s return to Mexico City, reporting that the San Francisco 49ers will play in Mexico for this year’s game. Meanwhile, the AP examined the resurgence of lucha libre masks — an enduring emblem of Mexican identity that has spilled into other sports — as tourism and the upcoming World Cup fuel what could become a commercial “boom.”

 

Notable blogs in English on Mexico

Mexico-related Substacks also focused on security issues. In Mexico Decoded  Viri Ríos explored the apparent mismatch between the increasing perception of insecurity in polls, and government data showing falling crime rates, especially homicides. Ioan Girllo in Crashout visits the town of Xalatalco, which has seen a surge of crystal meth addiction cases, as synthetic drugs have begun to spread to small towns at low prices, affecting working-class communities. In SendNews, Katarina Szulc investigated the abduction of the 10 miners in Sinaloa. Meanwhile, The Mexpatriate, argued that Marx Arriaga’s dismissal from the education ministry underlines Sheinbaum’s broader institutional approach within the 4T, suggesting the move was aimed at being adaptable and less ideological.

 

Photo of the Week 

Members of a group that searches for missing people walk alongside soldiers in El Verde, Sinaloa. Photo by Juvencio Villanueva for AP.

 

FOREIGN PRESS COVERAGE

Abduction of Mexican mine workers raises doubts over touted security improvements

02/16/26, AP, Aarón Ibarra and María Verza

 

Disappearances in Mexico surge by 200% over 10 years

02/16/26, Guardian, Oscar Lopez

 

Tequila Capital Seeks to Curb Extortion After Alleged Shakedown

02/13/26, Bloomberg, Amy Stillman, Maya Averbuch, and Valentine Hilaire

 

Mexican officials feared El Paso airspace closure signaled U.S. incursion into Mexico

02/13/26, LA Times, Steve Fisher

 

How Mexican cartels are using drones, now and in the future

02/18/26, Brookings, Vanda Felbab-Brown

 

With discovery of secret tunnel, Mexican authorities strike blow against black-market fuel trade

02/19/26, Reuters, Stefanie Eschenbacher

 

Mexico and El Salvador make big cocaine seizures at sea as US continues lethal strikes

02/19/26, AP, Staff

 

Mexico’s Cuba Obsession Puts Its President in a Bind With Trump

02/15/26, Bloomberg, Gonzalo Soto

 

Cuba’s Food and Water Supplies Threatened Under U.S. Pressure, U.N. Says

02/13/26, WSJ, Ryan Dubé, Vera Bergengruen, Samantha Pearson

 

Mexican president challenges UK asylum given to woman accused of corruption

02/17/26, Guardian, Oscar Lopez

 

Mexico Election Reform Stalls as Sheinbaum’s Junior Coalition Partners Object

02/16/26, Bloomberg, Gonzalo Soto and Alex Vasquez

 

World Cup means slashed wages and displacement for some workers in Mexico City

02/13/26, AP, Megan Janetsky and Eduardo Verdugo

 

Mexico’s school textbook author refuses to leave desk four days after sacking

02/17/26, FT, Ciara Nugent

Mexico President Claudia Sheinbaum Grows Uneasy as Her Investment Plan Stumbles

02/18/26, Bloomberg, Alex Vasquez and Gonzalo Soto

 

Mexico Can Call Trump’s Bluff on Trade

02/18/26, Bloomberg, Juan Pablo Spinetto

 

Canada, Mexico Meet to Boost Trade Amid USMCA Uncertainty

02/18/26, Bloomberg, Alex Vasquez

 

Canada, Mexico want a trilateral agreement under USMCA review, Canadian minister says

02/18/26, Reuters, Promit Mukherjee

 

Trump Mulls a North American Trade Pact Without Canada

02/19/26, NYT, Ana Swanson, Matina Stevis-Gridneff and Tyler Pager

 

Mexico’s Fuel-Smuggling Crackdown Hobbles Nation’s Auto Industry

02/17/26, Bloomberg, Gonzalo Soto

 

The crypto-loving billionaire and the $400mn ‘perfect fraud’

02/19/26, FT, Paul Caruana Galizia

 

Mexico’s Plata Wins Banking License, Heating Up Fintech Race

02/18/26, Bloomberg, Valentine Hilaire and Maria Clara Cobo

 

Andreessen Horowitz Backs Unicorn Kavak in $300 Million Round

02/18/26, Bloomberg, Michael O’Boyle

 

Pemex Issues $1.8 Billion in Debt in Return to Mexico Markets

02/13/26, Bloomberg, Kelsey Butler

 

Pemex’s Jumbo Debt Sale Pushes Mexico Issuance to Monthly Record

02/16/26, Bloomberg, Kelsey Butler

 

Mexico Has Fallen in Love With the Capybara for No Apparent Reason

02/16/26, WSJ, Xavier Martinez

 

From Arena Mexico to the World Cup, a wrestling-mask boom is taking shape

02/13/26, AP, Carlos Rodríguez

 

San Francisco 49ers will play in Mexico City in 2026

02/18/26, The Athletic, Devon Henderson

 

Download PDF: Mexico Foreign Press Chatter 022026