Mexico, US aiming to resolve trade issues before US midterms
The fourth round of trade talks between Mexico and the United States will take place next week, with officials from both sides expressing eagerness to hammer out a deal before the U.S. midterm elections in November, according to sources interviewed by Reuters. A framework for a deal would benefit both parties. U.S. President Donald Trump is looking for a win on the economic front (a bilateral deal may bring down consumer prices in the U.S.) as he faces the possibility of losing control of Congress when ballots are cast on Nov. 3. Meanwhile, the Mexican government is struggling with investor unease and a cooling economy . Mexico’s push to reach a deal comes after U.S.-Canada trade talks — the other half of the U.S.-Mexico-Canada Agreement (USMCA) review process — collapsed last month. The U.S.-Mexico talks are seen as an effort to reach an interim bilateral deal while issues with the USMCA on the whole are ironed out. President Sheinbaum chatted with U.S. Commerce Secretary ...