JPMorgan’s Jamie Dimon Praises the Mexican Economy in High-Stakes Meeting With President Sheinbaum

JPMorgan CEO Jamie Dimon Highlights Opportunities successful Mexico’s Growing Economy

JPMorgan Chairman and CEO Jamie Dimon praised the aboriginal of the Mexican system during his caller sojourn to the country, which progressive a gathering with President Claudia Sheinbaum.

Sheinbaum archetypal reported the gathering connected societal media, revealing it took spot astatine the National Palace connected Tuesday. “We discussed the favorable outlook for Mexico, the spot of our economy, and the value of the North American commercialized agenda,” Sheinbaum said.

During a aboriginal interview with section Mexican media, Dimon reinforced the relevance of the bilateral relations, declaring that some countries were fortunate to person each different and stressing a associated effort to reason the indispensable agreements and absorption connected communal growth.

Dimon highlighted the opportunities successful energy, infrastructure, and exertion improvement that Mexico could foster if the close decisions were taken successful the adjacent fewer years.

“I judge Mexico has a immense accidental implicit the adjacent 20 years. I would beryllium consenting to bargain an ETF—a Mexican fund—hold onto it for 10 years, and I warrant you it volition bash well,” Dimon assessed.

The gathering takes spot arsenic the U.S. reviews the United States-Mexico-Canada Agreement (USMCA), with President Donald Trump criticizing the alleged unfair attraction the state has received.

“We don’t request thing that Canada has, we don’t request thing that Mexico has, but they request everything that we have,” Trump precocious stated.

Dimon referred to the subject, stressing that for this maturation to continue, the statement should beryllium reviewed to payment some Mexico and the U.S., mentioning China arsenic a contentious factor.

“If determination are areas wherever China is utilizing Mexico to circumvent U.S. tariffs and the like, that is thing Mexico should show closely,” helium said.

Even so, Felipe Garcia Moreno, Mexico Senior Country Officer astatine JPMorgan, estimated that overseas concern successful Mexico could scope 50 cardinal successful 2026 with an expanding influx of U.S capital.

“We person seen a important summation successful mergers and acquisitions activity—for example, U.S. companies acquiring stakes successful Mexican companies oregon expanding their existing holdings,” he concluded.