US Decides Against Renewing USMCA, Shifting to Rolling Talks
The US decided against renewing its trade deal with Canada and Mexico, US Trade Representative Jamieson Greer said, choosing instead to conduct annual reviews of the pact in a move that risks adding uncertainty for companies producing goods across North America.
The US-Mexico-Canada Agreement, or USMCA, will remain in force for another a decade provided no one country decides to exit.
Annual reviews instead of a longer-term renewal open the door to years of contentious negotiations.
Bloomberg National Security Reporter Nick Wadhams says this change is because Trump wants to change the deal. (Source: Bloomberg)
US Refuses to Renew USMCA Trade Deal
- Trump will not renew USMCA deal, toppling a pillar of global trade stability NBC News —
- US won’t renew North American trade pact as Greer targets Canada’s China ties South China Morning Post —
- United States says it will not renew the USMCA, the landmark trade pact with Mexico and Canada EL PAÍS —
- US won't extend North American trade deal, beginning its demise 📹 Reuters — · 1min
- U.S. Plunges Trade Pact With Canada and Mexico Into Doubt Wall Street Journal —