Mexico, Washington sprint toward bilateral trade deal before US elections
Mexico and the United States are seeking tariff relief and auto-content concessions in a deal officials say could help both leaders claim a political win.
- Mexico and the United States are racing to reach a bilateral trade deal before the U.S. midterm elections in less than eight weeks, an effort made more urgent by the collapse of Canadian negotiations with Washington.
- Under Section 232 national security tariffs, steel faces 50 percent tariffs while vehicles are subject to a 25 percent duty, remaining a major hurdle in current negotiations.
- Automakers believe Mexico could secure a framework featuring a 15 percent vehicle tariff with additional reductions for U.S. content, dropping the effective rate to roughly 7 percent.
- Commerce Secretary Howard Lutnick met virtually with Mexican President Claudia Sheinbaum on Thursday to discuss trade, as officials view reaching a deal before November 3 elections as a political win for both leaders.
- Sheinbaum views a successful trade deal as critical to reassuring investors amid a struggling economy, and her administration remains committed to ongoing dialogue with Washington to finalize an agreement.
14 Articles
14 Articles
Mexico and the United States are seeking to reach an interim bilateral trade agreement before the midterm elections for Congress on November 3, Reuters reported, citing six sources from both countries familiar with the negotiations, BTA reported. The failure of trade talks between Washington and Canada has given added urgency to the efforts. The agreement under discussion would allow Mexico to receive relief from some US tariffs in exchange for …
Mexico, Washington sprint toward bilateral trade deal before US elections
By Emily Green, David Shepardson, Nora Eckert and Kalea Hall MEXICO CITY/WASHINGTON, Sept 11 (Reuters) - Mexico and the United States are racing to reach a bilateral trade deal before the U.S. midterm elections in less than eight weeks, according to ...
Forbes, the world's most renowned business and economic magazine. Negotiations gained urgency after the failure of talks between Washington and Canada; Mexico seeks to relieve tariffs and reduce uncertainty for companies and investors The post Why Mexico and the U.S. Run Against Clock To Close a Trade Agreement appeared first in Forbes Brazil.
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