Mexico President Claudia Sheinbaum Tells Trump Admin, ‘We’re No One’s Piñata’
June 26, 2025
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Jesus is a Newsweek reporter based in New York. Originally from Bogotá, Colombia, his focus is reporting on politics, current affairs and trending news. He has covered current affairs, healthcare, pop culture, and sports. Jesus joined Newsweek’s U.S. bureau in 2024, and has previously worked for The Financial Times and served as an international reporter and newsletter editor for El Espectador in Colombia. He graduated with an M.A. in Journalism and Digital Innovation from New York University. Languages: English, Spanish. You can get in touch with Jesus by emailing j.mosquera@newsweek.com
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Gabe Whisnant is a Breaking News Editor at Newsweek based in North Carolina. Prior to joining Newsweek in 2023, he directed daily publications in North and South Carolina. As an executive editor, Gabe led award-winning coverage of Charleston church shooter Dylan Roof’s capture in 2015, along with coverage of the Alex Murdaugh double murder trial. He is a graduate of the University of North Carolina-Wilmington. You can get in touch with Gabe by emailing g.whisnant@newsweek.com. Find him on Twitter @GabeWhisnant.
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Mexican President Claudia Sheinbaum said, “we’re no one’s piñata,” Thursday, blasting the Trump administration’s decision to sanction three Mexican financial institutions over unproven money laundering allegations.
The U.S. Treasury Department on Wednesday accused CIBanco, Intercam Banco, and brokerage Vector Casa de Bolsa of facilitating millions in transfers for drug cartels tied to fentanyl production, but Sheinbaum said the U.S. has yet to provide any concrete evidence.
“We aren’t going to cover for anyone… but they have to demonstrate that there was actually money laundering—not with words, but with strong evidence,” she said during her morning briefing.
“We’re no one’s piñata,” she added. “Mexico must be respected.”
All three institutions strongly denied the accusations, calling them damaging and unsupported.
The dispute highlights growing tensions as Washington seeks to counter Chinese influence in Latin America, with U.S. officials claiming the transfers involved Chinese companies. Sheinbaum, however, framed the banks’ links to China as routine trade, and insisted Mexico be treated with respect.
This is a breaking news story. Updates to follow.
Mexican President Claudia Sheinbaum attends her morning press conference at the National Palace in Mexico City, April 2, 2025. Mexican President Claudia Sheinbaum attends her morning press conference at the National Palace in Mexico City, April 2, 2025. Associated Press
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