A new bill has been introduced in the U.S. House of Representatives, pushing President Donald Trump to take a tougher stance on Mexico's energy policies, particularly concerning Pemex and CFE. The 'Mexican Energy Trade Compliance Act' aims to provide the U.S. President and Trade Representative with congressional backing to hold Mexico accountable for violating investment commitments under the USMCA. The bill's authors, including Congressman Jodey Arrington, accuse Mexico of giving preferential treatment to its state-owned energy companies, which they claim violates trade agreements and disadvantages U.S. firms. This move comes amid ongoing controversy over Mexico's electricity industry law and pressure from oil companies, who have threatened to leave Mexico if they are not granted export permits. The dispute, which previously escalated to a formal request for a dispute panel under USMCA, was paused after Mexico's Supreme Court struck down the electricity law. However, the new energy reform passed during the current administration reaffirms the central role of Pemex and CFE.
