US and Mexico Rush Trade Deal

Mexico and the United States are racing to reach an interim bilateral trade agreement before the U.S. midterm elections. Officials hope a swift deal will provide tariff relief and reassure markets following the collapse of Canadian negotiations.

The flags of the U.S. and Mexico fly at dawn over the Lerdo-Stanton International Bridge on the day U.S. and Mexican trade negotiators meet for a third round of bilateral talks aimed at advancing the review of the North American trade agreement, as seen from Ciudad Juarez, Mexico, July 21, 2026. REUTERS/Jose Luis Gonzalez

Mexico and the United States are sprinting to finalize an interim bilateral trade deal before U.S. midterm elections, according to six officials familiar with the talks. The push follows the collapse of separate negotiations between Washington and Canada that triggered a tariff dispute. An agreement would allow both governments to claim a political win ahead of the November 3 ballot.

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