Mexico and US Race to Finalize Trade Deal Ahead of Midterm Elections
Mexican President Claudia Sheinbaum announced progress in trade negotiations with the United States, aiming to secure a bilateral deal before the November 3 U.S. midterm elections.
Mexican President Claudia Sheinbaum stated that her government is doing everything in its power to reach a trade deal with the United States soon. Speaking on Friday, Sheinbaum confirmed that some agreements were reached during a "very good" call with U.S. President Donald Trump earlier in the week.
Washington and Mexico City are racing to finalize a bilateral trade deal before the Nov. 3 U.S. midterm elections. Officials in both countries see political benefits in reaching an accord before the vote, particularly as Trump’s Republican Party risks losing control of Congress. An agreement would enable both leaders to tout a win as they face domestic political challenges.
The push for a U.S.-Mexico deal follows the collapse of trade talks between the United States and Canada last month, which triggered a bitter tit-for-tat tariff dispute. Amidst this backdrop, Mexico is seeking reductions in U.S. tariffs on Mexican steel, aluminum, and cars. Sheinbaum noted that progress is being made despite no formal deadline having been set.
