This article by Alma E. Muñoz and Alonso Urrutia originally appeared in the October 8, 2026 edition of La Jornada, Mexico’s premier left wing daily newspaper.
Mexico City. At the end of a meeting between U.S. business leaders—who came accompanied by their ambassador, Ronald Johnson—and President Claudia Sheinbaum, the president of the Business Coordinating Council (CCE), José Medina Mora, considered that it was a very constructive dialogue in which each party had the opportunity to express its concerns and its purposes.
Through her social media, the President reported on the meeting at her offices:
We talked about the confidence in Mexico that secures the investment of U.S. companies and the importance of maintaining the trade relationship for the well-being of both countries.
President Claudia Sheinbaum
After noting that bilateral security actions were discussed, Medina Mora said that the country has the most secure border in many years and that Mexico’s efforts to prevent drug trafficking have reduced the flow of fentanyl to the country to the north. Medina Mora considered that among the main concerns of those attending was the need for the negotiations around the North American trade agreement to finally be concluded successfully.
In an interview at the end of the meeting at the National Palace, Medina Mora asserted that the ideal would be for the USMCA to be renewed for 16 more years, but for now it will remain in force for ten years, with an annual review of its terms. However, it needs to be ratified for 16 years with the possibility of review every six years. This will allow investment flows into Mexico to increase and, with that, the bilateral trade relationship to continue growing.
Medina Mora said he trusts that the negotiations will make it possible to reduce the tariffs imposed under Section 232 on the steel, aluminum and vehicles that Mexico exports to the United States. He explained that this meeting is a follow-up to the one held two years ago, at the dawn of Sheinbaum’s government, with the American Chamber of Commerce of Mexico. He highlighted that the U.S. business leaders left satisfied because the President listened to their concerns so they can expand their investments in Mexico.
For her part, the head of the Presidency’s Business Advisory Council, Altagracia Gómez, reported that some investments to be made in various areas were made known. She highlighted that investors attended with companies specializing in pharmaceuticals, medical supplies, energy and others associated with agriculture. She said that, without a doubt, some of them will be able to formalize their announcement at an upcoming press conference.
Finally, she mentioned that on behalf of the Mexican government, those attending included, among others, Secretary of the Economy Marcelo Ebrard, Secretary of Foreign Affairs Roberto Velasco and Secretary of Energy Luz Elena González.
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