business
US blocks long-term renewal of North American trade deal
Key takeaways
- US President Donald Trump speaks about the United States - Mexico - Canada agreement, known as USMCA, during a visit to Dana Incorporated, an auto supplier manufacturer, in Warren, Michigan, January 30, 2020.
- The US has declined to renew the landmark US-Mexico-Canada Agreement (USMCA) in its current form, according to a senior US official.
- This decision means the trilateral trade pact will miss out on an automatic 16-year extension.
US President Donald Trump speaks about the United States - Mexico - Canada agreement, known as USMCA, during a visit to Dana Incorporated, an auto supplier manufacturer, in Warren, Michigan, January 30, 2020.
The US has declined to renew the landmark US-Mexico-Canada Agreement (USMCA) in its current form, according to a senior US official.
This decision means the trilateral trade pact will miss out on an automatic 16-year extension.
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