US-Mexico Trade Talks Gain Urgency Amid Canadian Stalemate

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 collapse of Canadian negotiations with Washington has made this goal even more urgent, as Mexico seeks relief from some U.S. tariffs while addressing U.S. demands on automotive content and Chinese investment.

No formal deadline exists, but officials in both countries see political benefits in reaching a deal before the elections.

Mexico's economy is struggling with a weak economy and falling credit ratings, making a trade deal crucial for reassuring markets and investors.