Mexico U.S. Trade Race Before Elections | US News

The U.S. and Mexico are racing to finalize a trade deal before the midterm elections, with both sides seeing major political and economic stakes. After talks with Canada collapsed amid escalating tariffs, Mexico is pushing for relief on U.S. duties while addressing concerns over Chinese investment and auto parts sourcing. With over 80% of Mexican exports heading to the U.S., cooperation is key — and Mexico’s new foreign investment review powers reflect U.S. pressure. Major hurdles remain, especially around steel, aluminum, and car tariffs, with automakers hoping for a 15% rate — or lower — if they meet U.S. content rules. The big question: how will Mexico boost local content in vehicles, particularly engines and electronics? The clock is ticking — and the world is watching.

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