Trump opts for talks on a refreshed USMCA as deadline passes
TL;DR
The U.S. will not extend the USMCA by the July 1 deadline and instead begins talks that could yield a refreshed agreement or annual reviews through 2036; talks with Mexico continue while Canada has not started, with the aim of boosting U.S. auto manufacturing and limiting China’s market access, though the move injects trade uncertainty.
Topics:nationeconomy#auto-industry#donald-trump#economy#international-trade#tariffs#trade-agreements
- Fate of $2 trillion North American trade deal in doubt as July 1 deadline passes The Washington Post
- USMCA Heads for Review as Trump Sours on His $2 Trillion Trade Deal Bloomberg.com
- US, Canada, Mexico begin bumpy negotiations to renew North American trade pact AP News
- Minnesota farmers worry about their markets amid North American trade deal uncertainty MPR News
- U.S. auto industry faces more uncertainty without extension of USMCA trade deal CNBC
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