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Sheinbaum Pushes USMCA Deal Before Nov. 3 Elections

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Story summary
  • President Claudia Sheinbaum announced plans to increase U.S. imports and narrow Mexico’s trade deficit.
  • She reported progress toward reducing tariffs on Mexican autos, steel, and aluminum.
  • A fourth USMCA renewal round is scheduled for Sept. 28-29 in Washington.
  • Sources said both sides aim to seal a deal before the Nov. 3 U.S. midterm elections.
  • Mexico’s imports from China fell more than 28.4% in the first five months of 2026 after 50% tariffs.