Mexico’s week in review: Peso sinks to 18 as school safety, storms and trade talks dominate
Attacks on and by students collided with the anniversaries of past violence this week, while the peso behaved as erratically as the weather. Here's what happened the week of Sept. 28 in Mexico. The post Mexico’s week in review: Peso sinks to 18 as school safety, storms and trade talks dominate appeared first on Mexico News Daily
In Mexico's week of September 28, the peso dropped to an exchange rate of 18 against the US dollar. Two 17-year-old students were murdered at a university in Morelos, bringing the total of UAEM student murders in the state this year to six. President Claudia Sheinbaum announced a special security plan for Morelos, following protests by students and party members.
The 58th anniversary of the Tlatelolco massacre was marked by student demonstrations in Mexico City, with some protesters setting fire to the exterior of the state government palace in Cuernavaca. Former President Andrés Manuel López Obrador resurfaced with a 80-minute video message promoting his new book, which he dedicated to Sheinbaum.
Sheinbaum cited approval ratings of up to 75% on her second inauguration anniversary. Morena, the governing party, named its presumptive candidates for governorships in upcoming elections. Bilateral negotiations of USMCA, the US-Mexico-Canada trade agreement, continued in the United States. Economy Minister Marcelo Ebrard expressed optimism about new trade terms, focusing on reducing Section 232 tariffs on various goods.
Mexico is optimistic about trade talks with India, which include tequila facing a 150% tariff. Hurricane Polo made landfall in Baja California Sur as a Category 2 storm, causing at least four deaths in Jalisco. The storm then hit the Sonora coast as a Category 1 hurricane, causing flooding and power outages. In Torreón, Coahuila, two 18-year-old twin brothers with a history of internet-inspired attacks attacked a school, killing the vice principal and injuring four others.
The Senate approved a constitutional reform requiring exclusive Mexican nationality for presidential, gubernatorial, and Mexico City mayoral aspirants. The bill needs ratification by at least 17 state legislatures before taking effect in 2028.
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