The United States-Mexico Agreement (USMCA) is set to undergo a review, which will determine whether Mexico must comply with the treaty's terms and what Mexico must do to maintain them. Despite Mexico's success in the USMCA, a significant portion of the country's export boom is largely due to the fact that many of its factories are owned and financed from abroad. The country's value-added tax rate of 16% is riddled with exemptions, which could help bolster the $43 billion infrastructure budget. The potential agenda items for the review include tighter rules of origin and restrictions on Chinese content, aligning with Mexico's goal of producing more value domestically. However, Mexico's ability to address these issues could be limited if the government fixes its chronic issues, particularly its 16% tax rate.