Mexican President Claudia Sheinbaum has announced a set of tax and financial incentives to encourage nearshoring and a plan to further curb the entry of cheap Chinese imports. She presented the country's industrial policy, Plan Mexico, to government officials and business leaders at the National Museum of Anthropology in the country's capital.

By Alek Buttermann Mexico’s President, Claudia Sheinbaum, has unveiled a bold economic plan aimed at reducing imports from China, a move widely seen as a response to US President-elect Donald Trump's accusations that the country serves as a backdoor for Chinese goods entering the US market.

In her address, she reaffirmed support for the US-Mexico-Canada Agreement (USMCA), describing it as central to competitive positioning against China. In her speech, Sheinbaum also emphasized her commitment to the US-Mexico-Canada Agreement (USMCA),