Biden, Mexico's Sheinbaum talk economic, trade cooperation

FILE PHOTO: Mexico's President Claudia Sheinbaum holds her first press conference at the National Palace, in Mexico City, Mexico, October 2, 2024. REUTERS/Raquel Cunha/File Photo

MEXICO CITY (Reuters) - U.S. President Joe Biden and newly inaugurated Mexican President Claudia Sheinbaum spoke on the phone on Friday, both said on social media, with Sheinbaum pointing to discussions about economic and trade cooperation.

The U.S. and Mexico are each other's largest trade partners, and Mexico is Latin America's No. 2 economy.