Aurora Macro Strategies

North America Report: Mexico and the limits of tariff pressure

October 28, 2026

Latin America

U.S.-Mexico trade talks are approaching a possible deal on autos and energy as Washington seeks a market-friendly headline before the midterms. Aurora assesses whether an agreement can land in time, how President Sheinbaum is managing the pressure, and what happens if the window closes without a deal.

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North America Report: Mexico and the limits of tariff pressure