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Supply chains, trade top agenda for Yellen Mexico trip
  + stars: | 2023-12-04 | by ( Chelsey Cox | ) www.cnbc.com   time to read: +2 min
US Treasury Secretary Janet Yellen hosts Leaders from Americas Partnership for Economic Prosperity (APEP) countries at the Treasury Department in Washington, DC, on November 3, 2023. WASHINGTON — Treasury Secretary Janet Yellen will travel to Mexico City this week to strengthen economic ties with America's top trading partner, the Treasury Department said Monday. Yellen will meet with Mexican counterparts, including President Andres Manuel Lopez Obrador, from Dec. 5-7 on creating supply chains spanning the bordering nations to spur job growth and bolster economic security, according to a release. Imports and exports between the U.S. and Mexico reached nearly $600 billion so far in 2023, per the International Trade Administration, and exceeded $850 billion in 2022, according to Treasury. Direct investments between the nations include manufacturing, wholesale trade, real estate and finance and insurance, according to the U.S. Trade Representative.
Persons: Janet Yellen, Yellen, Andres Manuel Lopez Obrador, Joe Biden, Xi Jinping Organizations: Americas Partnership, Economic Prosperity, Treasury Department, WASHINGTON —, Mexican, U.S, International Trade Administration, Treasury, U.S . Trade, Jalisco Nueva Generacion, U.S . Locations: Washington ,, Mexico City, Mexico, United States, Jalisco, U.S
During a recent Senate hearing on fentanyl trafficking, lawmakers and officials used the word "cartel" 90 times. InSight Crime analysisA Sinaloa Cartel leadership chart from November 2015 with "El Chapo" Guzmán and two of his sons, Ivan Archivaldo and Jesus Alfredo. The Sinaloa Cartel, for instance, has at least three major poles of power, each of which is controlled by different leaders. Sinaloa cartel chief Joaquin "El Chapo" Guzman arrives in New York after his extradition in January 2017. Milgram, for instance, pointed to the DEA's laser focus on the Sinaloa Cartel and the CJNG as the path to success.
Mexican authorities arrested Ovidio Guzmán, son of Joaquin "El Chapo" Guzmán, earlier this month. The US has demanded action on fentanyl, and Ovidio's arrest may prompt Mexico to continue a targeted campaign. Ovidio Guzmán López is one of the four sons of Joaquín Guzmán Loera, alias "El Chapo," who is seeking to continue their father's legacy. Vehicles torched during a January 5 operation to arrest Ovidio Guzman in Culiacan on January 7. In the last couple of years alone, they have mounted targeted operations at rivals within the Sinaloa Cartel and beyond.
Two operatives in the Sinaloa Cartel told Insider they're actually trying to do the opposite. But operatives in the Sinaloa Cartel, the Mexican criminal organization behind the biggest shipments of fentanyl to the US, told Insider their intention is actually the opposite. US authorities began their campaign several months before Halloween, warning of alleged attempts by Mexican drug cartels to entice kids into drugs by selling rainbow-colored fentanyl pills and adding fentanyl to Halloween candies. "Rainbow fentanyl — fentanyl pills and powder that come in a variety of bright colors, shapes, and sizes — is a deliberate effort by drug traffickers to drive addiction amongst kids and young adults," Milgram said. The Sinaloa Cartel operative denied that his organization is targeting kids or young adults in the US as their final users.
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