Sheinbaum faces trade losses as Toyota and others move to Texas

Mexican President Claudia Sheinbaum is facing a breakdown in the US-Mexico-Canada trade agreement (T-MEC), as major companies like Toyota relocate production from Mexico to Texas. Toyota announced it is moving its Tacoma pickup truck production to Texas, citing economic pressures. The moves come amid rising costs and tighter supply chains, including sulfur shortages affecting fertilizer output in Brazil. Meanwhile, Platts has adjusted its assessment methods for Brazilian renewable energy certificates and discontinued its BRL-USD forex rate for Mexico City.