- With three weeks until the November 3 U.S. midterms, Mexico and the United States are still working toward a bilateral USMCA deal; Sheinbaum confirmed Monday that negotiations are active but no final agreement has been reached.
- The core gap: the U.S. proposed a 10-year extension with annual reviews at the July 1 joint review; Mexico and Canada pushed for the full 16-year renewal — Sheinbaum said Monday that "that possibility is not closed."
- Canada has been absent from negotiations since its trade talks with Washington collapsed on August 22, leaving Mexico as Washington's only active USMCA partner at the table — with $872 billion in annual goods trade on the line.
