Mexico's calm Trump strategy faces new tests after Venezuela

After a reported U.S. raid in Venezuela, Mexico's president has pursued a de-escalation strategy while political and business leaders warn of possible U.S. military or economic actions as the CUSMA review approaches.

Mexico is responding to regional developments with a deliberate, low-key approach. The reported U.S. raid in Venezuela and the capture of its then-president have prompted concern among Mexican officials, business leaders and analysts about possible U.S. actions that could affect Mexico. President Claudia Sheinbaum has sought frequent private contact with U.S. officials and emphasized de-escalation in public statements. Economic ties and an upcoming review of the Canada–United States–Mexico Agreement (CUSMA) frame much of the debate. Key developments: - The U.S. operation in Venezuela that resulted in the capture of its then-president was reported as a trigger for renewed concern in Mexico. - President Claudia Sheinbaum has adopted a calm, de-escalatory diplomatic posture and has held frequent communications with the U.S. president. - Mexican political and business figures express worry about possible U.S. military measures or economic demands, including trade and energy-related pressures, as CUSMA is reviewed. - Canada-Mexico ties have shown signs of renewed cooperation, including a large Canadian trade delegation expected next month. Summary: Mexico’s leadership is prioritizing steady diplomacy after the reported U.S. action in Venezuela, balancing public calm with private engagement. The approach reflects Mexico’s deep economic ties to the United States and the sensitivity around sovereignty, while the CUSMA review this year and upcoming Canadian delegation visits are the immediate developments to watch. Undetermined at this time.