Tricky negotiations begin Monday to renew a trade pact between the United States, Mexico and Canada
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Negotiations to renew the US-Mexico-Canada Agreement (USMCA) begin this week, potentially leading to significant changes in North American trade. The USMCA, which facilitates over $4 billion in daily cross-border commerce, took effect in July 2020. The United States is seeking revisions to the agreement, with the possibility of withdrawing if demands are not met. Former President Trump has also suggested separate deals with Canada and Mexico. Talks commence Monday between U.S. and Mexican trade officials to discuss the future of the agreement. The outcome of these negotiations will determine the structure of trade relations between the three countries.
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