US and Mexico Rush to Secure Bilateral Trade Deal Before Midterm Elections

Mexico and the United States are racing to reach a bilateral trade deal before the U.S. midterm elections on November 3, according to six sources in both countries familiar with the talks.

The negotiations aim to strike an interim bargain that would grant Mexico relief from some U.S. tariffs while addressing American demands on areas such as automotive content and Chinese investment.

Mexico's push for a deal comes after trade talks between the United States and Canada collapsed last month, plunging the longtime allies into a bitter tariff dispute.

The Mexican government views a U.S. trade deal as critical to reassuring markets and investors, with one source citing concerns over a weak economy and falling credit ratings on its debt.