In this episode, Mariana speaks with Juan Pablo Spinetto, an opinion columnist at Bloomberg covering Latin America business, economic affairs and politics, about President Claudia Sheinbaum’s first year in office.

They discuss the differences in her style and policies from her predecessor, the popularity and sustainability of her government’s entitlements, and the biggest challenges she and Mexico will face in 2026, particularly when renewing (or renegotiating with President Trump) the North American Free Trade Agreement (USMCA). 

They also talk about the rationale behind Mexico’s recent imposition of a 50% tariff on 1,400 goods coming from China and other Asia countries and the potential short term impact these tariffs might have on Mexican consumers and manufacturers. 

Lastly, the touch upon the current U.S. military build up in the Caribbean and the economic pressure the U.S. is currently imposing on the Venezuelan regime, as well as the geopolitical risks in the region of a U.S. intervention.