The theater of the T-MEC: act of uncertainty
José Medina Mora, president of the Business Coordinating Council (CCE), dropped a bomb at the 35th Insurers Convention. The review of the T-MEC is no longer a simple diplomatic procedure. It is a drama with a changing script.
Until March, everything seemed to be going smoothly. But April came with another script. The United States trade representative, Jamieson Greer, landed in Mexico with a position that, according to Medina Mora, was “much harsher.”
“President Trump wanted to get out of the treaty, that he did not believe in free trade, that there were going to be tariffs for everyone” — the leader confessed.
But not everything is darkness. Greer left a gap: “a space for Mexico, if we work on rules of origin and reduce Asian purchases to increase North American ones.”
The only certainty: uncertainty
Medina Mora said it clearly: uncertainty is already part of the business landscape. Investments don’t stop, but now they carry extra risk.
On July 1 there will be no closing of the treaty. Just an announcement that “we are doing well.” The final decision, as in any work by a single actor, depends on Donald Trump. Renewal for 16 years with six-year reviews? Or only 10 years with annual reviews? Nobody knows.
Meanwhile, companies are learning to dance in the rain of uncertainty. Because in this theater, the curtain has not yet fallen.




