Mexican President Claudia Sheinbaum announced on Friday the appointment of Edgar Amador as the country’s new finance minister, tasked with guiding Latin America’s second-largest economy through a series of significant challenges, including the looming threat of sweeping US tariffs.
Amador, who previously served as a deputy finance minister, will replace Rogelio Ramirez de la O, who is being reassigned as Sheinbaum’s economic advisor for international affairs. Ramirez de la O, appointed to the finance minister role in June 2021, will now take on “a very special task” focusing on Mexico’s crucial relationship with the United States, Sheinbaum explained in a video shared on social media.
This shift comes at a critical time, as Mexico works to alleviate investor concerns regarding the potential imposition of US tariffs. President Donald Trump recently agreed to suspend tariffs on most Mexican goods until April 2, offering temporary relief.
Amador is widely recognized for his expertise in public finance, according to political risk consultancy EMPRA. However, analysts also point to a key concern regarding his limited experience with financial markets—a crucial factor as Mexico grapples with ongoing fiscal and trade uncertainties.
