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Risk 10: Mexican standoff

Eurasia Group's 2025 Top Risks Report
6 January 2025

Mexican President Claudia Sheinbaum and her Morena party won last year's elections in a landslide. She now has a mandate and few checks on her executive power. But Sheinbaum will face formidable challenges this year in relations with the United States at a time of ongoing constitutional overhauls and fiscal stresses at home. Her diplomatic and governance skills will be quickly tested.

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Red Herrings