(Interview starts at 40:49).

Eric Farnsworth, vice president of AS/COA, spoke to Bloomberg TV's Shery Ahn about Mexico's President Andrés Manuel López Obrador meeting with the U.S. President Donald Trump at the White House. Farnsworth emphasized that both leaders met during a complicated time for bilateral and global relations, but the reason they met is because USMCA went into force on July 1.

"This is an opportunity for both leaders to really celebrate that achievement," Farnsworth said. "It is something to celebrate. But...coming in the midst of not just a pandemic, but also the beginning of the U.S. presidential campaign, complicates the politics around this moment."

Farnsworth said that both López Obrador and Trump have something to gain and something to lose. "What they have to gain is to show that they can put politics aside and pragmatism can prevail, that they can do business together at the national level—whether it’s economics and trade or other activities as well. There is some concern on the Mexican side of the border that the president of Mexico not be seen as supporting one U.S. presidential candidate or another. From the U.S. president side, there’s always the temptation, perhaps, to demonize Mexico, and doing so during this particular visit, I think, would be counterproductive," said Farnsworth.