Mexico exported a record $60.55 billion in goods to the US in July
In July, Mexico exported a record $60.55 billion worth of goods to the United States. This increased the share of Mexican goods in the US import market to more than 18%, Mexico News Daily reports. The main goods Mexico supplies to the United States include cars and auto parts, equipment, medical devices, servers for artificial intelligence, alcoholic beverages and fresh produce.
Trade and security
Mexican and US forces conducted Operation High Eagle at the border, aimed at detecting and disabling drones that cartels use to monitor law enforcement officers near Tijuana and San Diego.
US Commerce Secretary Howard Lutnick was unable to arrive in Mexico City due to bad weather, but held a video call with Mexican President Claudia Sheinbaum regarding negotiations on the United States-Mexico-Canada Agreement. Mexican Economy Secretary Marcelo Ebrard called the conversation cordial and very useful. The parties continue to discuss tariffs on steel, aluminum and automotive products ahead of the fourth round of the bilateral review of the agreement.
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Budget and education
Finance Secretary Edgar Amador Zamora submitted Mexico's 2027 budget proposal to Congress, totaling 10.6 trillion pesos, or $627.8 billion. The government plans to reduce the budget deficit to 3.9% of GDP from a projected 4.1% in 2026, while public debt is estimated to reach 55% of GDP. The proposal does not provide for new taxes or higher fuel prices.
Healthcare spending is proposed to increase by 10.9% in real terms to 1.1 trillion pesos, while education spending would rise by about 7% to 1.3 trillion pesos. According to PISA test results, 41.8% of Mexican students aged 15 did not reach the basic level in science, mathematics and reading. Education Secretary Mario Delgado linked the decline in reading skills to excessive screen use.
