FT: Trump raised energy deals with Sheinbaum amid stalled trade talks

U.S. President Donald Trump reportedly pressured Mexico's President Claudia Sheinbaum to sign energy deals with U.S. companies, causing concern in Mexico City. The Financial Times (FT) cited three sources familiar with a September telephone conversation between Trump and Sheinbaum, stating that the U.S. request for more energy deals contributed to the delay of scheduled trade talks.

Sheinbaum's party, Morena, has emphasized state control of energy in its agenda, and the Mexican government is seeking to strengthen energy sovereignty. Trump reportedly pushed for deals such as selling Mexican assets to U.S. companies, similar to a 2025 deal with South Korea where Seoul agreed to buy $100 billion of U.S. energy products.

Sheinbaum's government aims to increase Mexico's natural gas imports from the U.S., currently at about three-quarters of its demand, but has not yet authorized fracking projects in northern Mexico.