USTR Greer says there is continued offshoring to Mexico, have had talks about changing USMCA rules of origin, which will be among the issues discussed in meetings in Mexico next week

The comments from USTR Greer regarding offshoring to Mexico and discussions of revising USMCA rules of origin highlight ongoing trade negotiations that could impact supply chains significantly. If changes are made, it could alter trade dynamics and cost structures for companies operating across borders, thus affecting sectors reliant on manufacturing in Mexico. Investors should watch for any concrete outcomes from the meetings next week that may influence market sentiment towards both US and Mexican equities.