Mexico has a new finance minister as the country navigates economic challenges, including potential US tariffs.
President Claudia Sheinbaum announced the appointment on Friday, marking a key shift in the government’s financial leadership.
Edgar Amador, who previously served as deputy finance minister, will step into the role. He replaces Rogelio Ramirez de la O, who will now focus on international economic relations as Sheinbaum’s advisor.
The leadership change comes at a critical moment. Ramirez de la O, who had been in the position since mid-2021, has been tasked with strengthening economic ties with the United States. Sheinbaum emphasized the significance of his new role in a video shared on social media.
Mexico is working to reassure investors as tensions over US tariffs remain. While President Donald Trump recently agreed to delay most tariffs on Mexican goods until early April, uncertainty lingers. The country’s economic team must now focus on maintaining stability and fostering confidence among financial stakeholders.
Amador is known for his deep understanding of public finance, according to analysts at the political risk firm EMPRA. However, concerns have been raised about his limited experience in financial markets. This could be a challenge as Mexico faces fiscal and trade uncertainties that require careful navigation.
With this new appointment, Mexico’s leadership is taking steps to manage economic risks while strengthening its position in global trade. How Amador handles these responsibilities will be closely watched in the coming months.