international
US declines to renew USMCA trade pact with Mexico, Canada
Key takeaways
- Lengthy negotiations are expected as the Trump administration seeks changes to a trade deal with Mexico and Canada that has streamlined supply chains across North America.
- "The United States will continue to engage with Mexico and Canada to address the agreement's shortcomings and our trade deficits with these countries," Greer said.
- The on-again, off-again negotiations are likely to cause more uncertainty for US automakers and farmers who depend on stable and interconnected supply chains underpinned by the deal.
Why this matters: an international story with cross-border implications worth tracking.
Lengthy negotiations are expected as the Trump administration seeks changes to a trade deal with Mexico and Canada that has streamlined supply chains across North America.
https://p.dw.com/p/5GPgs The USMCA drove nearly $2 trillion worth of annual trade in North America in 2024Image: Mario Tama/Getty Images/AFPAdvertisement The United States on Wednesday decided not to renew the US-Mexico-Canada Agreement (USMCA), in its current form, US trade Representative Jamieson Greer said in a statement
"The United States will continue to engage with Mexico and Canada to address the agreement's shortcomings and our trade deficits with these countries," Greer said.
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