Trump Needs a Win on Nafta, Says Asian Trade Center's Elms

The transcript discusses the urgency in finalizing the NAFTA deal, driven by the Trump administration's need for a trade victory before the midterm elections and the upcoming change in the Mexican administration. The negotiations have shifted from trilateral to bilateral talks, with Canada needing to catch up. The Trump administration is eager to conclude NAFTA to focus on trade issues with China. The rush is typical in trade negotiations, which often culminate in last-minute marathon sessions.

What implications does the change in the Mexican administration have on the trade negotiations?

In what ways do trade negotiations typically unfold, as described in the text?