U.S. declines to renew USMCA, shifts to annual reviews with Canada and Mexico
By
Kevin Breuninger
Summary
The Trump administration has decided not to renew the USMCA (United States-Mexico-Canada Agreement) for another 16-year term, instead opting for annual reviews of the trade pact. The decision, announced on the deadline day, means the agreement will remain in effect for another decade unless a member withdraws. A senior administration official cited President Trump's concerns over America's trade deficits with Canada and Mexico as the primary issue driving this decision.
Source
bskyU.S. declines to renew USMCA, shifts to annual reviews with Canada and Mexicocnbc.comKey quotes
· 3 pulledthe best agreement we've ever made
The widely anticipated decision on the United States-Mexico-Canada Agreement, known as USMCA, was revealed Wednesday
President Donald Trump's 'primary' issue with USMCA centers on America's trade deficits with Canada and Mexico
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