AGP Executive Report

USMCA Update: The U.S. won’t renew the North American trade pact in its current form, keeping it alive via annual reviews on a short leash (with an expiration date in 2036), a move that raises uncertainty for Mexico and Canada’s exporters and supply chains. World Cup Business Pulse: Mexico City is in full green mode for Mexico vs. England at Estadio Azteca (8 p.m. ET), with Mexico entering on a clean-sheet run and England leaning heavily on Harry Kane—while prediction-market and sportsbook promos flood in. UK Spillover: The UK’s late-night match culture is turning into an economic headache, with claims of productivity losses and police crackdowns tied to the 1 a.m. viewing rush. Public Health & Research: Texas Biomed is partnering with a UK biotech firm to study and improve containment methods for the New World screwworm fly threatening Texas livestock and wildlife. Humanitarian Aid: Mexico helped ship 52 tons of humanitarian supplies to Venezuela after the June earthquake, alongside Argentine rescue teams.

USMCA Shock: The U.S. says it won’t extend the USMCA with Canada and Mexico in its current form, setting up a new round of talks and a possible decade of annual reviews. World Cup Business Pulse: Mexico City is capping major celebration crowds at 25,000 after fatal crush deaths, while crypto betting volumes are surging as the knockout stage heats up. Mexico-England Matchday: England’s Thomas Tuchel says Declan Rice won’t start at right-back, with Jarell Quansah in the mix, as Mexico hosts England at the Azteca at 1am UK time. Local Economy & Hospitality: UK pubs can stay open until 5am for the England-Mexico game, boosting late-night trade for bars and restaurants. IP Pressure on Mexico: The U.S. Special 301 report flags Mexico’s clinical data and patent-dispute system as weak, keeping it on the Watch List. Cybersecurity Watch: A new report warns that the World Cup’s massive digital activity across North America is a prime target for phishing and fraud.

World Cup Business & Compliance: Mexico’s squad returned $1M in Rolex watches gifted by U.S. influencer SteveWillDoIt to avoid potential FIFA ethics/betting-rule issues ahead of the Round of 16 vs England at Estadio Azteca. Matchday Economy: England fans are flooding Mexico City and UK pubs are staying open late (until 5am) to catch the 1am kickoff after FIFA’s storm-related rescheduling chaos—local venues are scrambling to protect bookings and keep customers safe. Local Governance & Crowd Management: San Jose is expanding World Cup watch parties beyond San Pedro Square after crowds topped expectations and earlier incidents forced officials to move future Mexico-England viewing to SAP Center/Discovery Meadow. Security & Legal Watch: Mexico’s government is also facing fresh scrutiny in the El Chapo case, where his lawyer says he plans to provide a list of 32 alleged officials tied to drug trafficking. Tech & Consumer Impact: Sony has started winding down the PS3 PlayStation Store, with Mexico among the first regions losing access in Aug 2026.

USMCA Talks Kick Off: The U.S., Mexico and Canada have formally started negotiations for the next phase of USMCA after Washington declined to renew the pact in its current form, setting up months of tough talks over rules and North American sourcing. World Cup Business Pulse: England’s Round of 16 vs Mexico at Mexico City’s Azteca is locked for 1am UK time after FIFA briefly considered a weather-driven reschedule; the UK government also extended pub hours to 5am, a boost for hospitality as fans plan late-night watch parties. Mexico City Matchday Economics: Coverage highlights how the early-morning kickoff could reshape spending patterns—more late pints, more crowding, and more “workday” tradeoffs for supporters. Crypto & Betting Angle: The England-Mexico fixture is drawing heavy attention from prediction markets and crypto-linked sponsorship chatter, underscoring how finance is increasingly tied to tournament hype.

US–Mexico Environment: The EPA and USIBWC released a new quarterly update on implementing the 2025 agreements to fully end the Tijuana River sewage crisis, including Minute 333 actions for operations and maintenance. Fintech Credit: Baubap secured a US$23M, 48-month credit line with BBVA Spark and SixPoint Capital, using a full Mexican-peso financing structure to cut currency risk while funding microloans for unbanked Mexicans. Trade Policy Shock: The U.S. declined to renew USMCA in its current form, setting up annual trade reviews and new talks—an uncertainty that U.S. farm groups say could hit dairy and pork exports. World Cup Business & Timing: FIFA is considering moving the Mexico–England kick-off earlier due to storm risk, which could reshape hospitality demand and late-night operations around the Azteca. Hospitality Rules: In England, pubs were allowed to stay open until 5am for the 1am match, boosting local hospitality while raising policing and alcohol-harm concerns. Travel & Capacity: American Airlines cut 18,900 seats on its Austin–Los Cabos route for winter 2026/27, reducing capacity on a key leisure corridor. Local Economy: Los Cabos will host its 18th International Motorcycle Rally, expected to draw visitors and lift hotels, restaurants, and local businesses.

USMCA Shockwave: The Trump administration says it will not renew USMCA “in its current form,” starting an annual review process and keeping the pact active while Washington, Mexico, and Canada negotiate changes aimed at cutting trade deficits. Auto Market Watch: Mexico’s light-vehicle sales kept growing in May (136,135 units), while Chinese brands lifted share to 17.2% as electrified models like BYD and Geely push deeper into the market. World Cup Economy & Hospitality: In the UK, pubs and bars are allowed to stay open until 5am for England’s 1am clash with Mexico, a late licensing U-turn that could boost hospitality revenue but also draws police criticism over crowding and safety. Tech for Disaster Response: Mexico’s search-and-rescue team in Venezuela’s earthquake aftermath is using Israeli drone systems to reach dangerous areas, supporting rescues in hard-hit zones. Health Systems Update: A Mexican public-hospital trial found a modified ERAS protocol for complicated appendicitis can shorten kids’ post-op stays without raising 30-day complications.

USMCA Uncertainty: The U.S. declined to extend USMCA in its current form, keeping the pact in force but shifting it into annual joint reviews—raising planning risk for North American businesses, including cross-border traders and supply chains. Mexico Trade Impact: Mexico’s peso strengthened after the U.S. decision, but analysts warn the “superpeso” can squeeze dollar earners and reduce remittance purchasing power. Aviation Update: Aeroméxico reported June traffic down 9% year over year, with domestic demand especially weaker as World Cup travel patterns disrupted schedules. Manufacturing Deal: Honda and Nissan are reportedly nearing a cooperation agreement on shared electronic control units and standardized in-car software, with potential vehicle rollout not expected until 2029. Border & Security: U.S. Marines are reinforcing parts of the border wall in Arizona’s Tucson sector as part of barrier upgrade work. Business Disruption Watch: StubHub is facing a class-action lawsuit from World Cup ticket buyers alleging cancellations tied to FIFA’s digital ticketing problems. World Cup Economy: Mexico City’s jersey sales and street buzz around El Tri are driving local commerce during the Round of 16 run.

USMCA Review Shock: The U.S. declined to extend the USMCA in its current form, starting a 10-year wind-down with annual reviews, while still keeping talks open with Mexico and Canada; Mexico’s Economy Minister Marcelo Ebrard says the U.S. is pushing changes on rules of origin, compliance checks, and a new “economic security” chapter tied to strategic minerals and supply-chain protection. Mexico-Linked Trade Tensions: Mexico reiterated opposition to U.S. tariffs on steel, aluminum, and autos, plus seasonal ag import schemes, as negotiators prepare for a Mexico City round around July 20. World Cup Business Angle: England’s 1am Round of 16 clash at Mexico City’s Azteca is driving major travel and hospitality demand, but also highlights Mexico’s altitude challenge and the economic ripple from global sports spending. Mexico Security & Cross-Border Crime: Authorities confirmed a missing gay U.S. couple found dead in a mass grave near Mexico City, underscoring ongoing risks for visitors and residents.

USMCA Shock for North America: The U.S. will not renew the US-Mexico-Canada trade pact in its current form, starting a decade-long annual review process while the deal stays in force for now; U.S. Trade Rep. Jamieson Greer says the U.S. wants changes tied to “shortcomings” and trade deficits, with Mexico and Canada set for follow-up talks. Auto and supply-chain uncertainty: The shift raises risks for integrated manufacturing, with U.S. officials signaling focus on rules of origin for autos and industrial goods. Agriculture pressure points: U.S. pork producers warned that Canada and Mexico are major export markets, while dairy and produce groups back updates but want stronger enforcement and clearer protections. Mexico World Cup business spillover: Mexico’s Round of 32 win over Ecuador sparked big local spending, but the “puto” chant controversy could bring FIFA discipline. Security and event disruption: A San Francisco World Cup venue canceled remaining watch parties after a shooting injured two people. Mexico City matchday logistics: England’s coach Thomas Tuchel said altitude at Estadio Azteca makes adaptation in four days “impossible,” ahead of the Mexico clash.

USMCA Sunset Countdown: The Trump administration is expected to formally say it won’t extend USMCA on July 1, kicking off a six-year “sunset clause” review while the US, Mexico and Canada negotiate proposed changes—especially around North American auto content and protections against Chinese goods. Sanctions & Cross-Border Enforcement: The US Treasury also moved to tighten pressure tied to cartel fuel smuggling, while separate reporting highlights how US-Mexico talks and enforcement are running in parallel. Mexico Trade Talks: Mexico’s President Claudia Sheinbaum says the US and Canada will hold a virtual USMCA review on July 1, with Mexico pushing for a 16-year extension or annual review mechanisms. Cuba-to-Mexico Business Angle: “Cuban Amazons” online delivery services are expanding to keep families supplied amid Cuba’s shortages and US sanctions scrutiny—showing how cross-border commerce keeps adapting. World Cup Economy Spillover: Mexico’s World Cup win over Ecuador is driving crowds and local spending, with watch parties and business activity tied to matchday demand. Energy Deal Watch: Shell Offshore agreed to sell Gulf of Mexico assets for $1.7B, signaling continued portfolio reshaping in the region.

USMCA Sunset Clock: The Trump administration is expected to formally declare it won’t extend USMCA, starting a decade-long wind-down and a six-year review, with US, Mexico and Canada trade chiefs meeting virtually July 1 and the US signaling continued push for changes. Cartel Fuel Smuggling Crackdown: The US Treasury (OFAC/FinCEN) sanctioned two Mexican citizens and nine companies tied to CJNG-linked fuel theft and cross-border smuggling schemes, citing falsified customs documents and shell companies to evade Mexican taxes. Mexico-U.S. Pork Offal Trade Hit: Mexico’s restrictions on U.S. pork offal after pseudorabies detection in Iowa have cost exporters about $7M per week, with some shipments resuming but remaining bans on Iowa and Texas products. Mexico World Cup Business Angle: Mexico’s Round of 32 match vs Ecuador at Estadio Azteca is framed as a key test for “El Tri” and a major local economic draw tied to World Cup spending. AI Partner Push in Mexico: Microsoft says its Latin America growth is shifting toward scaling enterprise AI via a broader partner ecosystem, with Mexico among key markets.

USMCA Countdown: The Trump administration is set to formally declare it won’t extend the U.S.-Mexico-Canada trade pact, kicking off a decade-long wind-down clock and a “sunset clause” review, with contentious talks still focused on auto rules and protections against Chinese goods. Mexico-Linked Trade Pressure: A separate U.S. Senate bill would raise tariff-rate quotas on shrimp, crawfish and catfish imports—an issue that could ripple into Mexico’s seafood exporters and cross-border supply chains. Energy & Offshore Finance: SBM Offshore secured $465m financing for the Mexico-bound FSO Chalchi, supporting a 20-year lease-and-operate deal tied to Woodside’s Gulf of Mexico project. Agribusiness & Food Security: Leaders meeting in Nairobi urged faster scaling of proven agricultural innovations to strengthen food security—relevant for Mexico’s broader regional food trade and resilience planning. Border Enforcement: U.S. prosecutors filed 122 border-related cases in San Diego, underscoring ongoing pressure along the U.S.-Mexico corridor. World Cup Economy (Mexico): Mexico’s Round of 32 match vs Ecuador keeps the spotlight on host-city spending and tourism momentum, even as heat risks and security concerns remain in the background.

Pemex Accountability: Mexico’s President Claudia Sheinbaum said she will not “protect anyone” after a video surfaced alleging violent abuse by Victor Rodriguez, the former Pemex head, adding that he won’t take another government role while investigations proceed. U.S.-Mexico Security: DEA Director Terry Cole issued a direct message on fentanyl, naming Mexico’s Sinaloa Cartel and CJNG as top enforcement priorities in the fight against synthetic opioids. Mining & Industry: Metso will deliver additional cone-crusher equipment worth over EUR 20 million to Grupo Mexico’s La Caridad copper concentrator in Sonora, boosting throughput as the plant expands. Energy & Environment: The World Bank reports global gas flaring rose again for a third straight year, with Mexico among the biggest flaring sources, warning the world is moving in the wrong direction on wasted fuel and pollution. Trade Politics: Canada’s former trade chief says a tariff deal with the U.S. is unlikely before U.S. midterms, with CUSMA review dynamics keeping North American business in limbo. Capital Markets: Banco de Mexico added a bond-buying tool to support liquidity as rate cuts reshape Mexico’s fixed-income landscape. Labor & Economy: Mexico’s gig workers are organizing to close loopholes in their employee status, pushing back against app giants.

North America Trade Tensions: As the CUSMA/USMCA review clock nears July 1, business groups and unions are bracing for possible U.S. pressure while negotiators frame the date as a “checkpoint,” not a hard cutoff. Corporate Restructuring: British American Tobacco says it will cut 5,500 jobs and outsource 3,500 more by year-end (9,000 roles total) as it leans harder on AI and cost-saving “Fit2Win” changes, with some roles already shifted to partners including Accenture. Cybersecurity: ESET joined a global effort to disrupt the Amadey botnet and Stealc infostealer under Operation Endgame, with Mexico among the highest detection-rate regions. Venezuela Quake Relief (Mexico link): After twin earthquakes, the death toll is reported near 1,500 and rescue operations continue; Mexico is among the countries sending search-and-rescue support. Sports & Markets: World Cup knockout matchups are set for June 29, while the tournament’s economic ripple keeps showing up in travel and fan spending patterns across host cities.

Venezuela Earthquake Response: The death toll from Wednesday’s twin quakes in La Guaira climbed to at least 1,450 as rescue teams—now facing a shrinking chance of finding survivors—pulled people from rubble and reported thousands still missing, while criticism grows over how the government is handling relief and access to roads. Humanitarian Politics: Opposition volunteers say police tried to shut down donation drives unless they were routed through federal channels, framing the fight as both a relief battle and a political one. Mexico-Linked Mobility & Travel: Royal Air Maroc launched its first-ever nonstop service between Casablanca and Monterrey to move Moroccan fans for the World Cup Round of 32, with tickets sold at a fixed fare. Agri-Business Spotlight (Yucatán): In Tizimín, quail farming (coturnicultura) is gaining traction as a low-space, fast-turn agro-industrial model for small producers, driven by rising demand for quail eggs and meat. World Cup Business Angle: The knockout stage is already reshaping local spending and travel demand around matches, with Mexico’s own tournament momentum colliding with broader security concerns in some regions.

USMCA Watch: Negotiators are set to meet July 1 to discuss extending the USMCA, with Canada and Mexico pushing for a 16-year renewal while the U.S. remains non-committal after Trump signaled he’d rather walk away. Cross-Border Biosecurity: Mexico and the U.S. inaugurated a $61M sterile-fly plant in Chiapas to fight the New World screwworm, aiming for 10M sterile flies per week and reducing livestock trade risk. World Cup Economy & Crypto: The Round of 32 kicks off June 28 across the U.S., Mexico and Canada, with crypto branding and fan-token trading surging as Kraken becomes FIFA’s official crypto exchange partner. Local Business Angle: Mexico’s World Cup momentum is being felt unevenly, with some regions seeing more activity while cartel violence keeps many consumers and businesses cautious. Enforcement & Fraud: Authorities are cracking down on World Cup streaming scams and ticket fraud networks, while cyber units report social-media fraud tied to “free live” viewing apps.