Uh oh. Time to bring them some "democracy"?

It looks like it is almost time to start exporting freedom and democracy.

The Mexican president posted an open letter to US President Joe Biden and made a formal diplomatic protest over US financing of NGOs tied to Mexico’s political opposition. “How are they going to be funding an organization openly opposed to a legal, legitimate, and democratic government?” AMLO demanded during the announcement Wednesday. “This violates our sovereignty and constitutes interventionism.”

Like with China, it starts with economic sanctions.

Tensions have risen between the US and Mexico surrounding AMLO’s increasingly isolationist actions. According to a Reuters report, the Biden administration plans to give the Mexican government an ultimatum in the coming weeks, asking Mexico to open its energy markets to American companies or face trade tariffs.
In the energy sector, the Biden administration has accused AMLO of favoring state oil company Petrleos Mexicanos—as well as the CFE power utility—and discriminating against US companies, a perceived violation of the USMCA.
The US has also been involved in a trade dispute with Mexico on the import of genetically-modified corn after AMLO called for a ban on all genetically modified agricultural products, citing health risks. The US—which exports 17 million tons of mostly genetically modified corn to Mexico annually—accused Mexico of violating the USMCA and threatened trade retaliation if Mexico stopped allowing farmers to buy its corn.

It doesn't stop at Mexico.

Shares of two of the world's biggest lithium miners,U.S.-based Albemarle (NYSE:ALB) and Chile-based Sociedad Quimica y Minera de Chile (NYSE:SQM) have been falling after Chile's President Gabriel Boric unveiled plans to nationalize its lithium sector in a bid to boost the economy and protect biodiversity. Chile is the second-largest lithium producer in the world of the lucrative metal and also holds the largest reserves.
... In recent years, U.S. Big Oil companies, such as Chevron Corp. (NYSE:CVX) and Marathon Petroleum Corp. (NYSE:MPC), alongside a host of solar and wind energy companies, have struggled to obtain permits to operate in Mexico.

Since becoming Mexico’s president in 2018, Obrador has undertaken various radical reforms in the country’s energy and power sectors as he endeavors to achieve elusive energy independence. Two years ago, he announced a rather controversial plan to phase down oil imports, reversing a major reform plan enshrined in the constitution in 2013.

As part of the plan, Mexico’s NOC Petroleos Mexicanos aka Pemex, was to cut crude oil exports from over a million barrels per day to just 435,000 barrels a day in 2023. The move is part of President Andrés Manuel López Obrador’s (AMLO’s) drive to lower imports of costly refined products, such as gasoline and diesel, and instead rely more on domestic production. “Practically 100% of Mexican crude will be refined in our country,” Pemex head Octavio Romero Oropeza said at the much-heralded opening of a new refinery in the southeastern state of Tabasco.

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Betty Clermont

and it's so good to see you, gjohnsit.

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