IBOV 173,714.08 ▼ 0.06% IPSA 10,913.99 ▼ 0.31% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,187,056 ▲ 0.06% COLCAP 2,287.57 ▲ 0.11% BVL PERÚ 57,220.16 — — USD/BRL5.11▲ 0.18% USD/MXN17.53▲ 0.60% USD/CLP931.20▲ 0.67% USD/COP3,257▲ 0.81% USD/PEN3.39▲ 0.22% USD/ARS1,478▲ 0.17% USD/UYU40.23▲ 1.74% USD/PYG6,032▲ 1.81% USD/BOB10.65▲ 4.37% USD/DOP58.24▲ 1.37% USD/CRC446.12▲ 1.44% USD/GTQ7.62▲ 2.73% USD/HNL26.73▲ 1.94% USD/NIO36.62▲ 1.17% USD/VES730.65▲ 0.57% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.87% USD/TTD6.74▲ 1.70% EUR/BRL5.84▲ 0.18% BRENT 87.89 ▲ 4.35% WTI 81.60 ▲ 3.36% IRON ORE 161.91 — — COPPER 6.26 ▼ 0.56% GOLD 4,014 ▲ 0.72% SILVER 56.26 ▲ 0.65% SOY 1,203 ▲ 0.63% CORN 468.25 ▲ 6.06% WHEAT 684.75 ▲ 1.48% COFFEE 321.10 ▼ 0.06% SUGAR 14.82 ▲ 2.63% ORANGE JUICE 139.35 ▲ 4.15% COTTON 78.93 ▲ 1.60% COCOA 5,610 ▲ 7.55% BEEF 220.63 ▼ 2.84% CATTLE 339.08 ▼ 2.17% LITHIUM 68.38 ▼ 0.70% PETR4 40.90 ▲ 2.53% VALE3 72.94 ▼ 0.05% ITUB4 41.96 ▼ 1.39% BBDC4 18.29 ▼ 0.65% ABEV3 15.63 ▲ 0.19% BBAS3 20.49 ▼ 1.30% B3SA3 15.20 ▼ 1.23% WEGE3 43.63 ▲ 0.32% PRIO3 57.85 ▲ 1.87% SUZB3 41.93 ▲ 0.55% RENT3 38.23 ▼ 1.62% AZZA3 18.59 ▲ 0.32% CSAN3 3.84 ▼ 1.03% RAIZ4 0.29 — 0.00% PCAR3 2.60 ▲ 0.39% GMAT3 3.88 ▼ 1.02% PSSA3 55.14 ▼ 0.14% CVCB3 1.22 ▼ 9.63% POSI3 3.80 ▼ 2.06% SLCE3 13.53 ▼ 0.59% NATU3 8.55 ▼ 0.12% BRKM5 6.19 ▲ 1.48% RANI3 7.95 ▼ 1.61% CSNA3 5.05 ▼ 0.98% CMIN3 5.33 ▼ 2.20% USIM5 8.23 ▲ 4.18% GGBR4 24.04 ▲ 0.54% ENEV3 25.68 ▼ 1.04% CPFE3 46.87 ▼ 0.68% CMIG4 11.12 ▲ 0.27% EQTL3 39.50 ▼ 0.88% LREN3 13.42 ▼ 1.69% VIVT3 35.52 ▲ 0.14% RAIL3 13.70 ▼ 1.65% KLABIN 17.58 ▲ 1.27% RAIA DROGASIL 18.55 ▲ 0.16% RDOR3 35.78 ▼ 0.25% HAPV3 11.38 ▲ 3.93% FLRY3 16.59 ▲ 1.04% SMTO3 15.45 ▼ 1.72% UGPA3 32.07 ▲ 0.25% VBBR3 34.92 ▲ 1.60% BBSE3 41.12 ▼ 0.15% BPAC11 56.18 ▼ 0.72% CURY3 30.67 ▼ 1.98% AERI3 2.02 — 0.00% VIVARA 22.44 ▼ 3.90% COMPASS 24.88 ▼ 0.12% VAMOS 3.17 ▲ 0.32% SANB11 26.65 ▼ 0.67% ASAI3 8.50 ▼ 0.70% SBSP3 29.22 ▼ 0.27% WALMEX 49.52 ▼ 0.08% GMEXICO 200.05 ▲ 0.41% FEMSA 225.68 ▲ 0.28% CEMEX 22.69 ▼ 0.40% GFNORTE 181.34 ▲ 0.53% BIMBO 58.00 ▲ 0.14% TELEVISA 9.57 ▲ 0.63% AMX 23.00 ▲ 0.97% GAP 386.00 ▼ 1.47% ASUR 279.92 ▼ 0.36% OMA 230.06 ▼ 1.30% KOF 181.10 ▲ 1.20% GRUMA 287.32 ▲ 0.34% KIMBER 38.67 ▼ 0.28% SQM-B 65,300 ▼ 1.14% COPEC 6,200 ▲ 1.21% BSANTANDER 76.55 ▼ 2.06% FALABELLA 5,858 ▲ 0.08% ENELAM 84.79 ▼ 0.01% CENCOSUD 2,000 ▼ 0.25% CMPC 1,073 ▼ 0.13% BANCO CHILE 188.26 ▼ 0.33% LATAM AIR 24.75 ▼ 2.56% YPF 77,900 ▲ 2.40% GGAL 7,860 ▼ 0.06% PAMPA 5,170 ▲ 1.17% TXAR 665.00 ▲ 0.45% ALUAR 949.50 ▲ 1.01% TGS 9,370 ▼ 0.16% CEPU 2,264 ▲ 0.18% MIRGOR 16,875 ▲ 0.75% COME 43.84 ▼ 1.39% LOMA NEGRA 3,535 ▼ 0.63% BYMA 299.00 ▼ 0.83% TELECOM ARG 4,150 ▼ 0.72% ECOPETROL 16.09 ▲ 1.84% BANCOLOMBIA 80.44 ▲ 1.22% GRUPO AVAL 4.92 ▼ 1.01% CREDICORP 390.70 ▲ 0.84% SOUTHERN COPPER 172.50 ▼ 1.80% BUENAVENTURA 30.24 ▲ 0.23% MERCADOLIBRE 1,814 ▼ 2.34% NUBANK 13.59 ▼ 1.45% XP 16.67 ▼ 0.06% PAGSEGURO 9.05 ▼ 1.09% STONE 11.15 ▼ 0.45% GLOBANT 32.23 ▲ 0.09% TECNOGLASS 46.46 ▼ 0.79% GAP AIRPORT 220.27 ▼ 2.22% ASUR 279.92 ▼ 0.36% OMA AIRPORT 105.31 ▼ 1.77% AMX ADR 26.26 ▲ 0.46% FEMSA ADR 128.85 ▼ 0.50% CEMEX ADR 12.98 ▼ 0.92% PETROBRAS ADR 17.97 ▲ 2.86% VALE ADR 14.20 ▼ 0.18% ITAU ADR 8.21 ▼ 1.14% SANTANDER BR 5.24 ▼ 1.04% AMBEV ADR 3.04 ▼ 0.49% CSN 0.99 ▼ 0.89% GERDAU 4.73 ▲ 0.11% LATAM ADR 52.56 ▼ 1.17% BTC 63,992 ▲ 0.32% ETH 1,839 ▼ 1.27% SOL 75.00 ▼ 0.36% XRP 1.09 ▲ 0.15% BNB 567.36 ▼ 0.84% ADA 0.17 ▲ 2.82% DOGE 0.07 ▲ 0.01% AVAX 6.56 ▲ 0.82% LINK 8.22 ▼ 1.31% DOT 0.86 ▼ 0.21% LTC 45.01 ▲ 0.15% BCH 219.83 ▼ 0.80% TRX 0.32 ▼ 0.11% XLM 0.19 ▲ 1.08% HBAR 0.07 ▼ 0.87% NEAR 1.92 ▼ 2.32% ATOM 1.52 ▲ 0.49% AAVE 90.66 ▼ 0.52% SELIC 14.25% EMBRAER 81.75 ▼ 0.02% EMBRAER ADR 64.10 ▼ 0.42% JBS 11.90 ▼ 1.12% JBS BDR 60.20 ▼ 2.11% MBRF3 15.03 ▼ 1.70% MBRFY 2.90 ▼ 1.02% INTER 5.37 ▼ 3.07% EGX 52,928 ▲ 0.70% USD/ZAR16.52▲ 0.60% USD/NGN1,378▼ 0.20% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY162.42▲ 0.02% USD/CNY6.78▲ 0.03% DAX 24,831 ▼ 0.34% CAC 8,339 ▼ 0.47% FTSE 10,600 ▲ 0.27% MIB 51,882 ▼ 0.94% IBEX 19,217 ▼ 0.45% STOXX 641.53 ▼ 0.34% EUR/USD1.14— 0.00% GBP/USD1.35▼ 0.64% SPX 7,458 ▼ 1.01% DJI 52,146 ▼ 0.77% NDX 28,593 ▼ 1.49% RUT 2,962 ▼ 0.42% TSX 35,264 ▼ 0.22% VIX 18.77 ▲ 12.19% USD/CAD1.40▼ 0.21% US10Y 4.5410 ▼ 0.61% IBOV 173,714.08 ▼ 0.06% IPSA 10,913.99 ▼ 0.31% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,187,056 ▲ 0.06% COLCAP 2,287.57 ▲ 0.11% BVL PERÚ 57,220.16 — — USD/BRL 5.11 ▲ 0.18% USD/MXN 17.53 ▲ 0.60% USD/CLP 931.20 ▲ 0.67% USD/COP 3,257 ▲ 0.81% USD/PEN 3.39 ▲ 0.22% USD/ARS 1,478 ▲ 0.17% USD/UYU 40.23 ▲ 1.74% USD/PYG 6,032 ▲ 1.81% USD/BOB 10.65 ▲ 4.37% USD/DOP 58.24 ▲ 1.37% USD/CRC 446.12 ▲ 1.44% USD/GTQ 7.62 ▲ 2.73% USD/HNL 26.73 ▲ 1.94% USD/NIO 36.62 ▲ 1.17% USD/VES 730.65 ▲ 0.57% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.36% USD/TTD 6.74 ▲ 1.17% EUR/BRL 5.84 ▲ 0.18% BRENT 87.89 ▲ 4.35% WTI 81.60 ▲ 3.36% IRON ORE 161.91 — — COPPER 6.26 ▼ 0.56% GOLD 4,014 ▲ 0.72% SILVER 56.26 ▲ 0.65% SOY 1,203 ▲ 0.63% CORN 468.25 ▲ 6.06% WHEAT 684.75 ▲ 1.48% COFFEE 321.10 ▼ 0.06% SUGAR 14.82 ▲ 2.63% ORANGE JUICE 139.35 ▲ 4.15% COTTON 78.93 ▲ 1.60% COCOA 5,610 ▲ 7.55% BEEF 220.63 ▼ 2.84% CATTLE 339.08 ▼ 2.17% LITHIUM 68.38 ▼ 0.70% PETR4 40.90 ▲ 2.53% VALE3 72.94 ▼ 0.05% ITUB4 41.96 ▼ 1.39% BBDC4 18.29 ▼ 0.65% ABEV3 15.63 ▲ 0.19% BBAS3 20.49 ▼ 1.30% B3SA3 15.20 ▼ 1.23% WEGE3 43.63 ▲ 0.32% PRIO3 57.85 ▲ 1.87% SUZB3 41.93 ▲ 0.55% RENT3 38.23 ▼ 1.62% AZZA3 18.59 ▲ 0.32% CSAN3 3.84 ▼ 1.03% RAIZ4 0.29 — 0.00% PCAR3 2.60 ▲ 0.39% GMAT3 3.88 ▼ 1.02% PSSA3 55.14 ▼ 0.14% CVCB3 1.22 ▼ 9.63% POSI3 3.80 ▼ 2.06% SLCE3 13.53 ▼ 0.59% NATU3 8.55 ▼ 0.12% BRKM5 6.19 ▲ 1.48% RANI3 7.95 ▼ 1.61% CSNA3 5.05 ▼ 0.98% CMIN3 5.33 ▼ 2.20% USIM5 8.23 ▲ 4.18% GGBR4 24.04 ▲ 0.54% ENEV3 25.68 ▼ 1.04% CPFE3 46.87 ▼ 0.68% CMIG4 11.12 ▲ 0.27% EQTL3 39.50 ▼ 0.88% LREN3 13.42 ▼ 1.69% VIVT3 35.52 ▲ 0.14% RAIL3 13.70 ▼ 1.65% KLABIN 17.58 ▲ 1.27% RAIA DROGASIL 18.55 ▲ 0.16% RDOR3 35.78 ▼ 0.25% HAPV3 11.38 ▲ 3.93% FLRY3 16.59 ▲ 1.04% SMTO3 15.45 ▼ 1.72% UGPA3 32.07 ▲ 0.25% VBBR3 34.92 ▲ 1.60% BBSE3 41.12 ▼ 0.15% BPAC11 56.18 ▼ 0.72% CURY3 30.67 ▼ 1.98% AERI3 2.02 — 0.00% VIVARA 22.44 ▼ 3.90% COMPASS 24.88 ▼ 0.12% VAMOS 3.17 ▲ 0.32% SANB11 26.65 ▼ 0.67% ASAI3 8.50 ▼ 0.70% SBSP3 29.22 ▼ 0.27% WALMEX 49.52 ▼ 0.08% GMEXICO 200.05 ▲ 0.41% FEMSA 225.68 ▲ 0.28% CEMEX 22.69 ▼ 0.40% GFNORTE 181.34 ▲ 0.53% BIMBO 58.00 ▲ 0.14% TELEVISA 9.57 ▲ 0.63% AMX 23.00 ▲ 0.97% GAP 386.00 ▼ 1.47% ASUR 279.92 ▼ 0.36% OMA 230.06 ▼ 1.30% KOF 181.10 ▲ 1.20% GRUMA 287.32 ▲ 0.34% KIMBER 38.67 ▼ 0.28% SQM-B 65,300 ▼ 1.14% COPEC 6,200 ▲ 1.21% BSANTANDER 76.55 ▼ 2.06% FALABELLA 5,858 ▲ 0.08% ENELAM 84.79 ▼ 0.01% CENCOSUD 2,000 ▼ 0.25% CMPC 1,073 ▼ 0.13% BANCO CHILE 188.26 ▼ 0.33% LATAM AIR 24.75 ▼ 2.56% YPF 77,900 ▲ 2.40% GGAL 7,860 ▼ 0.06% PAMPA 5,170 ▲ 1.17% TXAR 665.00 ▲ 0.45% ALUAR 949.50 ▲ 1.01% TGS 9,370 ▼ 0.16% CEPU 2,264 ▲ 0.18% MIRGOR 16,875 ▲ 0.75% COME 43.84 ▼ 1.39% LOMA NEGRA 3,535 ▼ 0.63% BYMA 299.00 ▼ 0.83% TELECOM ARG 4,150 ▼ 0.72% ECOPETROL 16.09 ▲ 1.84% BANCOLOMBIA 80.44 ▲ 1.22% GRUPO AVAL 4.92 ▼ 1.01% CREDICORP 390.70 ▲ 0.84% SOUTHERN COPPER 172.50 ▼ 1.80% BUENAVENTURA 30.24 ▲ 0.23% MERCADOLIBRE 1,814 ▼ 2.34% NUBANK 13.59 ▼ 1.45% XP 16.67 ▼ 0.06% PAGSEGURO 9.05 ▼ 1.09% STONE 11.15 ▼ 0.45% GLOBANT 32.23 ▲ 0.09% TECNOGLASS 46.46 ▼ 0.79% GAP AIRPORT 220.27 ▼ 2.22% ASUR 279.92 ▼ 0.36% OMA AIRPORT 105.31 ▼ 1.77% AMX ADR 26.26 ▲ 0.46% FEMSA ADR 128.85 ▼ 0.50% CEMEX ADR 12.98 ▼ 0.92% PETROBRAS ADR 17.97 ▲ 2.86% VALE ADR 14.20 ▼ 0.18% ITAU ADR 8.21 ▼ 1.14% SANTANDER BR 5.24 ▼ 1.04% AMBEV ADR 3.04 ▼ 0.49% CSN 0.99 ▼ 0.89% GERDAU 4.73 ▲ 0.11% LATAM ADR 52.56 ▼ 1.17% BTC 63,992 ▲ 0.32% ETH 1,839 ▼ 1.27% SOL 75.00 ▼ 0.36% XRP 1.09 ▲ 0.15% BNB 567.36 ▼ 0.84% ADA 0.17 ▲ 2.82% DOGE 0.07 ▲ 0.01% AVAX 6.56 ▲ 0.82% LINK 8.22 ▼ 1.31% DOT 0.86 ▼ 0.21% LTC 45.01 ▲ 0.15% BCH 219.83 ▼ 0.80% TRX 0.32 ▼ 0.11% XLM 0.19 ▲ 1.08% HBAR 0.07 ▼ 0.87% NEAR 1.92 ▼ 2.32% ATOM 1.52 ▲ 0.49% AAVE 90.66 ▼ 0.52% SELIC 14.25% EMBRAER 81.75 ▼ 0.02% EMBRAER ADR 64.10 ▼ 0.42% JBS 11.90 ▼ 1.12% JBS BDR 60.20 ▼ 2.11% MBRF3 15.03 ▼ 1.70% MBRFY 2.90 ▼ 1.02% INTER 5.37 ▼ 3.07% EGX 52,928 ▲ 0.70% USD/ZAR 16.52 ▲ 0.86% USD/NGN 1,378 ▲ 0.02% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY 162.42 ▲ 0.05% USD/CNY 6.7755 ▲ 0.18% DAX 24,831 ▼ 0.34% CAC 8,339 ▼ 0.47% FTSE 10,600 ▲ 0.27% MIB 51,882 ▼ 0.94% IBEX 19,217 ▼ 0.45% STOXX 641.53 ▼ 0.34% EUR/USD 1.1442 ▼ 0.02% GBP/USD 1.3453 ▼ 0.20% SPX 7,458 ▼ 1.01% DJI 52,146 ▼ 0.77% NDX 28,593 ▼ 1.49% RUT 2,962 ▼ 0.42% TSX 35,264 ▼ 0.22% VIX 18.77 ▲ 12.19% USD/CAD 1.4016 ▼ 0.16% US10Y 4.5410 ▼ 0.61%
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Friday, July 17, 2026

Mexico Analysis

Trump Claims Mexico Is Run by Cartels: A Complex Reality

By · January 8, 2025 · 2 min read

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(Analysis) Former U.S. President Donald Trump recently declared that Mexican drug cartels effectively control the country. This bold statement, made during a campaign event in Arizona, has reignited debates about Mexico’s security challenges and their impact on its economy and governance.

Trump’s assertion oversimplifies a nuanced situation. Mexico faces significant challenges from powerful drug cartels, but the government maintains control over most of the country. The influence of cartels varies greatly across regions and sectors of society.

Drug trafficking organizations have indeed expanded their reach in recent years. They now engage in diverse criminal activities beyond narcotics. These include oil theft, extortion, and human trafficking.

Such diversification has increased their economic impact and political influence in certain areas. The Mexican government has struggled to contain cartel violence effectively.

Homicide rates have risen sharply since 2006, when Mexico launched its “war on drugs.” This militarized approach has led to unintended consequences, including increased violence and cartel fragmentation.

Trump Claims Mexico Is Run by Cartels: A Complex Reality
Trump Claims Mexico Is Run by Cartels: A Complex Reality. (Photo Internet reproduction)
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Cartels exploit weaknesses in Mexico‘s institutions and infrastructure. For example, municipalities with oil pipelines saw a 30% increase in cartel presence after the drug war began.

Mexico’s Ongoing Battle with Cartels

This highlights how criminal groups adapt to new opportunities. The economic toll of cartel activity is substantial. Violence and extortion deter investment and disrupt business operations.

Some estimates suggest that violence costs Mexico up to 18% of its GDP annually. This figure underscores the severe economic impact of cartel-related crime. However, Mexico’s economy continues to function and grow despite these challenges.

The country remains a major manufacturing hub and trading partner for the United States. This reality contradicts claims of total cartel control over the nation. Mexico’s government actively combats cartel influence, albeit with mixed results.

Recent administrations have pursued various strategies, from military confrontation to more focused law enforcement efforts. These actions demonstrate the state’s ongoing struggle against organized crime.

The situation in Mexico is far more complex than Trump‘s statement suggests. While cartels wield significant power in certain regions, they do not “run” the entire country.

Mexico’s challenges with organized crime are serious but do not equate to a complete loss of sovereignty. Mexico’s security issues demand nuanced understanding and solutions. Simplistic characterizations overlook the country’s ongoing efforts to address these challenges.

They also ignore the resilience of Mexican society and institutions in the face of cartel violence. The reality of Mexico’s cartel problem lies somewhere between Trump’s dire assessment and a more optimistic view.

It remains a critical issue affecting Mexico’s development and its relationship with the United States. Addressing it requires cooperation, understanding, and realistic approaches from both nations.

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