New Billion-Dollar U.S. Embassy in Mexico Open for Business

Posted on December 20, 2025 by Allan Wall

The new billion-dollar U.S. embassy in Mexico is now open for business. It was dedicated
way back on December 17th, 2024, but more work was still to be done.

Finally, on November 24th, 2025, the embassy was open for business providing all consular services.

From the embassy website: “The United States Embassy in Mexico is now operating at its new location. Effective November 24, 2025, all consular services — including visa interviews and services for U.S. citizens — are conducted exclusively at the new Embassy compound.”

It’s the biggest U.S. embassy in the world. It has seven stories, two of which are under ground level.

Embassy construction is the responsibility of the U.S. Department of State’s Bureau of Overseas Buildings Operations (OBO). The architectural firms are Tod Williams Billie Tsien Architects and Davis Brody Bond Architects. Caddell Construction is the general contractor.

The embassy is located on an 8.5 acre site, formerly the site of a Colgate-Palmolive factory. A toxic cleanup had to be carried out on the site before building.

Construction began in 2018 and it cost over a billion dollars to build.

Here is a proposal illustration generated in the early stages of the project:

Design Illustration, U.S. Embassy, Mexico City. Source” OBO

From the OBO website: “This embassy will consolidate over 530,000 square feet of diplomatic operations, bringing together over 1,400 staff previously spread across multiple sites in the city. OBO embassies and consulates often are the first experience host country citizens and government officials have with the United States overseas and the embassy is designed to streamline the flow of visitors.”

“To ease traffic impact and improve security, the embassy features discrete entrances for various functions. To the north, one entrance accommodates the large number of consular visitors and another welcomes visitors to the Benjamin Franklin Center.”

“The building’s seven floors include two below-grade levels that balance its size without sacrificing usable space.”

“By incorporating the Benjamin Franklin Center on-site, the embassy has a flexible programming space to conduct a broad range of public engagement activities that promote U.S. political and economic goals.” 

“An estimated total work force of 2,500 U.S., Mexican and third-country nationals were engaged in the construction of the new embassy.”

The OBO statement says that the new embassy brings “together over 1,400 staff” but a November 26th statement from U.S. Ambassador Ron Johnson reports “over 1,500 employees now working under the same roof“.

Click here for a brief video of Ambassador Johnson entitled “My first day at the historic new U.S. Embassy in Mexico”. The video was released on November 26th, may have been filmed the 24th or 25th or early on the 26th.

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The 100th Anniversary of the Banco de Mexico

Posted on December 16, 2025 by Allan Wall

In calendar year 2025 there are several Mexican historical anniversaries of note.

One of course is the 700th anniversary of the city, founded as Tenochtitlan by the Aztecs in 1325. [See Mexico City’s 700th Anniversary and President Sheinbaum Commemorates the 700th Anniversary of Mexico City ].

Another is the 100th anniversary of the Mexican Baseball League, Liga Mexicana de Béisbol, founded in 1925. [See The 100th Anniversary of the Mexican Baseball League].

The year 2025 is also the 100th anniversary of the foundation of the Banco de México, the Mexican central bank, in 1925.

Symbol of Banco de Mexico. Source: Banco de Mexico



From Wikipedia: “The Banco de México was created on August 25, 1925, under the direction of Minister of Finance Alberto J. Pani  with an official ceremony given on September 1, 1925. It was given exclusive authority to mint coins and print banknotes, a sharp departure from policies of the past. The bank was also given responsibility over exchange rates, interest rates, and monetary regulation.”

From the English-language section of the Banco de Mexico website: “Banco de México was inaugurated during a solemn ceremony on September 1, 1925. The act was presided over by President Plutarco Elías Calles and attended by renowned people from the fields of politics, finance and business.”

President Plutarco Elias Calles in 1925.
Source: National Photo Company Collection

Here is a photo of the Banco de Mexico’s headquarters:

Source: Alfonso21

Here’s a photo of 200 peso bills being made:

Making 200 peso bills. Source: Banco de Mexico

The governor of the Banco de Mexico is Victoria Rodriguez Ceja, the first woman to have that post:

Victoria Rodriguez Ceja. Source: Government of Mexico

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Claudia Sheinbaum #5 on Forbes Most Powerful Women List

Posted on December 13, 2025 by Allan Wall

Mexican President Claudia Sheinbaum was recently named the 5th-most powerful woman in the world by Forbes magazine.

Mexican President Claudia Sheinbaum. Source:Juan Abundis

The Forbes list of the World’s Most Powerful Women was released December 10th

According to Forbes, the world’s most powerful woman is Ursula von der Leyen, first female President of the European Commission, the executive branch of the European Union.

The second-most powerful woman on the list is Christine Lagarde, first female President of the European Central Bank.

Sanae Takaichi, the first female prime minister of Japan, is #3 in the list. Giorgia Meloni, the first female prime minister of Italy, is #4.

Claudia Sheinbaum is #5 on the Forbes list.

Here’s what Forbes says about her: “Claudia Sheinbaum made history when she was elected Mexico’s first female president in a landslide victory in June 2024. Her swearing-in that October was met with cheers of ‘Presidenta.’ ”

“Born to a Jewish family in Mexico City, Sheinbaum is also the first Jewish president of her country.”

“From 2018 until 2023, Sheinbaum served as Mayor of Mexico City. One of her accomplishments was introducing a new ‘cablebus’ system that improved citywide commuting.”

“An accomplished scientist with a Ph.D. in energy engineering, she is among the scientists and policymakers who share the 2007 Nobel Peace Prize for participation on a United Nations climate science panel.”

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Mexican Congress Votes to Slap Tariffs on China

Posted on December 11, 2025 by Allan Wall

Following a proposal of President Claudia Sheinbaum, both houses of the Mexican Congress have voted to put tariffs on China and other countries, mostly China.

Mexico and China in red. Source: mapchart.net

From Bloomberg: “Mexican lawmakers gave final approval for new tariffs on Asian imports, broadly aligning with US efforts to tighten trade barriers against China, as President Claudia Sheinbaum seeks to protect local industry.”

“Mexico’s Senate on Wednesday [December 10th] voted in favor of the bill that imposes tariffs of between 5% and 50% on more than 1,400 products from Asian nations that don’t have a trade deal with Mexico. The bill passed with 76 votes in favor, five against and 35 abstentions.”

“The new levies will take effect starting next year and hit a wide range of products from clothing to metals and auto parts, with the massive output of Chinese factories emerging as the legislation’s focus.”

So what does this have to do with Trump’s trade relations with Mexico ?

“Passage of the bill took place against the backdrop of Sheinbaum’s high-stakes trade talks with President Donald Trump and pressure to match his priorities, fueling hopes Mexico’s levies on Chinese goods could ease punishing US tariffs on goods like Mexican steel and aluminum.”

“While Sheinbaum has publicly denied any connection to Trump’s own tariff onslaught against the Asian giant, the new import levies resemble the US leader’s approach.”

According to the Economic Times, “Mexico’s Senate approved on Wednesday tariff hikes of up to 50% next year on imports from China and several other Asian countries, aiming to bolster local industry despite opposition from business groups and affected governments. The proposal, passed earlier by the lower house, will raise or impose new duties of up to 50% from 2026 on certain goods such as autos, auto parts, textiles, clothing, plastics and steel from countries without trade deals with Mexico, including China, India, South Korea, Thailand and Indonesia. The majority of products will see tariffs of up to 35%.”

And, “Analysts and the private sector argue the move is aimed at appeasing the U.S. ahead of the next review of the United States-Mexico-Canada trade agreement (USMCA), and say it is also intended to generate $3.76 billion in additional revenue next year as Mexico seeks to reduce its fiscal deficit.”

The Economic Times quoted Senator Mario Vazquez of the opposition PAN party, “On the one hand, it protects certain local productive sectors that are at a disadvantage with respect to Chinese products. It also protects jobs. But, on the other hand, (…) the tariff is an additional tax that citizens pay when they buy a product. And these are resources that go to the state. We would need to know what they are going to be used for. Hopefully, production chains in the country will be strengthened.”

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Trump and Sheinbaum Finally Meet in Person, at the World Cup Drawing

Posted on December 6, 2025 by Allan Wall

Until December 5th, Mexican President Claudia Sheinbaum and U.S. President Donald Trump had never met in person, though they had conversed by telephone.

On December 5th, 2025, the two met in person for the first time.

The occasion was the draw for the upcoming World Cup, to be held next year in the U.S., Canada and Mexico.

There are to be 48 national teams competing in the 2026 World Cup. In the first round, they begin by playing within twelve groups of four teams. The purpose of the drawing is to organize those groups of four.

U.S. President Donald Trump, Mexican President Claudia Sheinbaum, and Canadian Prime Minister Mark Carney met at the Kennedy Center in Washington, D.C. for the draw. Trump and Carney had met, and Sheinbaum and Carney had met, but for the first time they were all 3 together, and for the first time Sheinbaum and Trump met in person.

U.S. President Donald Trump, Mexican President Claudia Sheinbaum, Canadian Prime Minister Mark Carney
Source: Claudia Sheinbaum’s Twitter X Account

From Reuters: “U.S. President Donald Trump met with the leaders of Mexico and Canada to discuss trade issues on Friday [December 5th] after the leaders hosted the 2026 World Cup draw at Washington’s storied Kennedy Center.”

“The White House said Trump held talks with Canadian Prime Minister Mark Carney and Mexican President Claudia Sheinbaum after the star-studded event, but gave no details on their discussions. Canadian media said the meeting lasted for 45 minutes and the leaders spoke on their own, with no staff present.”

Wouldn’t you have liked to have been a fly on that wall?

And this from the Associated Press:  “President Donald Trump has finally met with his Mexican counterpart, Claudia Sheinbaum. Their long-delayed first face-to-face discussion focused on next year’s World Cup — and included side discussions about trade and tariffs — but immigration was not the top issue. That’s despite Trump’s push to crack down on the U.S.-Mexico border being a centerpiece of his administration, and the driving force in the relations between both countries.”

It’s not “despite” Trump’s push to crack down on the border, it’s because of his successful push to crack down on the border. It’s no longer a major issue between the U.S. and Mexico.

Tariffs and drug cartels, well, that’s another story.

Click here for a short video of Claudia’s trip to Washington.

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Remittances to Mexico Down Seven Straight Months

Posted on December 3, 2025 by Allan Wall

For seven consecutive months, remittances to Mexico have decreased.

Remittances are funds sent by people from Country A working in Country B. It’s sent back to families in Country A. Many countries have grown to depend on remittances.

In the case of remittances going to Mexico, most of those funds are from Mexicans working in the United States.

U.S. in orange, Mexico in green. Source: Bazonka

From Reuters: “Remittances to Mexico declined 1.7% from a year earlier in October, the nation’s central bank said on Monday [December 1st], totaling $5.64 billion.”

“October marked the seventh straight month of year-on-year declines in the remittances the country receives, contrasting with sharp increases reported for Central American countries in 2025.”

So Mexico’s remittances are decreasing but Central American remittances are increasing.

“The total number of remittances in the month declined 5.4%, while the average value of each payment sent edged up 4.0% compared to the same month last year, the central bank added in a report.”

“The amount for October resulted from the accumulation of some 14 million transactions averaging $403 each.”

“Accumulated remittances to Mexico through October 2025 totaled $51.34 billion, 5.1% lower than the amount received during the same period last year.”

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Will Ricardo Salinas Run for President of Mexico in 2030?

Posted on November 28, 2025 by Allan Wall

A billionaire from outside the formal political system who criticizes the political establishment, runs for president, and wins.

Didn’t that occur in one of Mexico’s neighbors ?

Could it also occur in Mexico?

There are indications that Ricardo Salinas Pliego may run for president in 2030.

Ricardo Salinas Pliego is a billionaire and the third richest man in Mexico (net worth 5.5 billion USD). Salinas is the CEO of Grupo Salinas, a conglomerate which includes the TV Azteca Media Network, Grupo Elektra (incuding Elektra stores and Banco Azteca), soccer teams Club Puebla and Mazatlán Futbol Club, Italika motorcycles, Totalplay telecoms, and others.

Ricardo Salinas Pliego. Source: JCTorresH

Salinas Pliego is the son of Hugo Salinas Price, whose mother was American, see his apellido materno. Salinas Price is still alive.

Ricardo Salinas Pliego is a critic of the Sheinbaum Administration. He was against the judicial reform [see here] and supported the recent protests against the administration.

What are some clues that Salinas Pliego might run for president?

Well, one is that he recently updated his Twitter X profile. You can see it here. It now has a Mexican flag in the top photo. The photo is blurry, but maybe that symbolizes something too.

And Salinas Pliego has this statement near the top: “The State is not the solution, it is the problem. Do not let yourselves be intimidated by the parasites of the State, the only thing they want is to perpetuate themselves in power.” (automatic translation from site)

That’s small-government ideology, quite different from that of President Claudia Sheinbaum and the MORENA party.

An article on Universal about this update is entitled “Salinas Pliego edita perfil de X y lanza guiño como candidato presidencial“, that is, “Salinas Pliego edits X Profile and Tosses Out a Wink as Presidential Candidate”.

Another evidence that Salinas Pliego might run is that he is reported to be thinking about selling his two soccer teams, Club Puebla and Mazatlán Futbol Club, in order to finance a campaign. That could net him $165 million. [See Salinas Pliego will sell Mazatlán and Puebla on the Mexico Daily Post.]

Club Puebla Symbol. Source: ligamx.net
Mazatlan Club Symbol. Source: Mazatlan F.C.

Then there’s this story, also reported on Mexico Daily Post. Salinas Pliego traveled to El Salvador in Central America, where he met with that nation’s President Nayib Bukele, who drastically reduced the murder rate by putting lots of criminals in jail.

Ricardo Salinas Pliego and Nayib Bukele. Source: Mexico Daily Post

From Mexico Daily Post: “The businessman [Salinas Pliego] shared that during their meeting, they discussed issues related to public safety and the administration of justice, areas that, he affirmed, should be a priority in Mexico. He added that if he were to lead the Mexican government, he would adopt a strategy similar to Bukele’s.”

And, quoth Salinas Pliego, “ ‘While talking with President Bukele, I told him that if I were President of Mexico, my government’s number one priority would be the same as his: to declare war on criminals and use the full force of the State to immediately restore order in the country, with the goal of giving Mexican families a life of peace.’ ”

If Salinas Pliego did run, what party would he run for?

Jorge Romero, leader of the opposition PAN, said that the party doesn’t discard the possibility of a Salinas as the PAN’s candidate.

Certainly, a lot could occur in the next five years, but this is someone to keep an eye on…

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Mexico Now the Biggest Importer from the United States

Posted on November 22, 2025 by Allan Wall

Mexico was already the largest exporter to the United States. Now it’s the largest importer from the United States.

From Mexico News Daily: “In 2023, Mexico became the world’s top exporter of goods to the United States, surpassing China.  Now it also the top buyer of U.S. goods, outpacing Canada, according to U.S. government data published on Wednesday [November 19th].”

The U.S. and Mexico. Source: ontheworldmap.com

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CJNG Cartel Busted in Spain

Posted on November 19, 2025 by Allan Wall

Mexican drug cartels have their tentacles extending into various countries and continents. (See for example Mexican Cartel Meth Labs in Europe, Asia and Africa).

In Spain, Mexico’s madre patria, police broke up operations of the CJNG – the Cártel de Jalisco Nueva Generación, which is based in the Mexican state of Jalisco.

From CBS News: “Spanish police on Tuesday [November 18] said they broke up the local operations of a powerful Mexican drug cartel designated a terrorist organization by President Trump, making 20 arrests. The Jalisco New Generation Cartel (CJNG) smuggled ‘large shipments of cocaine and methamphetamine’ from South America for distribution in Spain and other European countries, Spanish police said in a statement.”

Mexico in green, South America in blue, Spain in red. Source: mapchart.net

This time, industrial machinery was being used to conceal drugs. What’ll these guys think of next?

“The investigation started earlier this year when police detected drugs hidden in heavy industrial machinery, which was stored on estates near Madrid and the neighboring province of Avila and transported across Spain.”

“Among the detainees were two ‘priority targets’ of the U.S. Drug Enforcement Administration (DEA) as well as suspected members of the Italian Camorra mafia dedicated to transporting the drugs abroad.”

“The operation, carried out jointly with the DEA and Dutch authorities, seized 1.8 tons of cocaine, cash, cryptocurrency, weapons and vehicles.”

Click here for a short video showing bits of the operation in action.

Spain’s location and its cultural links with Latin America make it a logical place for cartels to get drugs into Europe.

“Spain is a major gateway to Europe for North African hashish and South American cocaine, making the country a magnet for international criminal gangs.”

Well, they caught these guys, but how many more operations like theirs are still active in Spain and elsewhere in Europe ?

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Remittances to Mexico Down Six Straight Months

Posted on November 11, 2025 by Allan Wall

For six consecutive months, remittances to Mexico have decreased.

Remittances are funds sent by people from Country A working in Country B. It’s sent back to families in Country A. Many countries have grown to depend on remittances.

In the case of remittances going to Mexico, most of those funds are from Mexicans working in the United States.

U.S. in orange, Mexico in green. Source: Bazonka

From Mexico Business News: “Mexico recorded a decline in remittance inflows for the sixth consecutive month in September, totaling US$5.21 billion (MX$97.4 billion), a decrease of 2.7% compared to the same month last year, according to Mexico’s Central Bank (Banxico). This drop was driven by a 4.7% contraction in the number of transfers, partially offset by a 2.1% increase in the average remittance amount. This marks the fifth consecutive month with monthly inflows exceeding US$5 billion.”

Then there’s the January to September figures: “The accumulated flow of remittances for the first nine months of the year (January to September 2025) totaled US$45.68 billion, representing a contraction of 5.5% compared to the US$48.36 billion captured during the same period in 2024.”

Many families in Mexico receive remittances.

“The aggregate decline impacts an estimated 4.1 million recipient families and 11.1 million individual Mexican beneficiaries. In September 2025, the average remittance received per Mexican beneficiary was US$396, the lowest amount in four months. The funds entered Mexico through 13.1 million operations, a moderation compared to the 13.8 million transactions observed in September 2024.”

“Remittances represent a substantial portion of income for recipient families, making the sustained contraction a matter for the domestic economy. According to BBVA Research, remittances represent 30% of the income of households that receive these resources.”

“The economic dependence is more pronounced when factoring in labor income, with the bank noting: ‘In households receiving remittances, the sum of this money from abroad plus labor income represents 65.9% of current income.’ “

“Based on estimates from the National Survey of Household Income and Expenditure (ENIGH) 2024, remittances account for more than 50% of income in 360,000 households across Mexico.”

So what is the reason for this decrease in remittances?

“Analysts point to external factors, including US labor market dynamics and security policies, as drivers of the contraction.”

That would be the Trump crackdown on illegal immigration in the United States.

Also, it has to do with the value of the Mexican peso.

“The strength of the Mexican peso also reduced the real value of the transfers, given an annual appreciation of the Mexican peso of 6% against the dollar, remittances experienced a fall of 11.5% in real terms (discounting inflation). This means that, when converted to the local currency, the funds purchased fewer goods compared to the previous year.”

Over 99% of this is sent via electronic transfers.

“During the first nine months of 2025, 99.2% of total remittance income was sent via electronic transfers (US$45.3 billion). Of those electronic funds, 50.1% (US$22.69 billion) were sent as deposits to accounts, while 49.9% (US$22.61 billion) were collected in cash.”

Some Mexican states, however, are moving in the opposite direction.

“In contrast to the national trend, several states in the center-south region registered growth in the first nine months of the year, including: Guerrero (4.2%), Oaxaca (2.0%), Puebla (1.9%), Morelos (1.3%), Chiapas (1.2%), and Veracruz (0.9%).”

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