Mexico and the U.S. are mutually dependent on one another for their collective and respective economic and national security interests. President Obama’s meetings with Mexico’s new president Enrique Pena Nieto will certainly cover border security issues, weapons, drug trafficking and immigration, but these two leaders will want to find ways to further cement the economic relationship between the two countries. Earlier this week, Senior Fellows Ted Piccone and Diana Negroponte sat down together to examine the importance of these talks.
The U.S. still has some leverage over China, because China clearly wants a deal. ... U.S. financial markets also seem to have been boosted by the prospects of a U.S.-China trade deal, so I think it could have a negative effect on both financial markets and economic activity in both countries if a deal is not struck