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International Business Times
International Business Times
Business

U.S. and Mexico Push for Pre-Election Trade Deal. Automakers Could See Major Tariff Relief.

The potential agreement would provide Mexico with relief from some U.S. tariffs in exchange for concessions addressing the priorities of President Donald Trump's administration. (Credit: David Ramos/Getty Images)

Mexico and the United States are accelerating negotiations toward a bilateral trade agreement that officials hope to reach before the midterm elections on November 3, as the breakdown of Washington's negotiations with Canada adds urgency to talks over tariffs, automobiles and Chinese investment.

Officials on both sides see advantages to completing an interim agreement within the next eight weeks, although there is no formal deadline, according to a Reuters report citing six people in Mexico and the United States familiar with the negotiations. "We both want to reach a deal before the midterms," one Mexico-based source told the outlet.

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