Following Donald Trump's reelection, Mexico is facing significant economic and political challenges, highlighted by a drop in the peso to a two-year low and fears of potential tariffs on Mexican imports. President Claudia Sheinbaum, while asserting Mexico's sovereignty, acknowledged the tough road ahead, as Trump's promises of 25% tariffs and mass deportations loom large. Analysts suggest that despite the initial turmoil, Mexico has negotiation leverage, particularly in migration, which could mitigate some of Trump's hardline stances. Sheinbaum's administration may draw on strategies from her predecessor to foster a more cooperative relationship with the U.S. The upcoming renegotiation of the USMCA in 2026 will be a critical moment for bilateral relations. As uncertainty in trade and investment grows, Mexico's economic stability hangs in the balance.