USMCA faces uncertain future as July 1 review approaches with no extension expected
By
Mark Rendell, Steven Chase
Summary
The USMCA trade agreement between the U.S., Mexico, and Canada is entering an unpredictable phase with no extension likely on the July 1 review date. Mexico and the U.S. have scheduled a third round of negotiations for late July, while Canada and the U.S. have yet to begin formal negotiations. President Trump has expressed ambivalence about the agreement he signed during his first term, suggesting he'd prefer to terminate it. Canada's trade team faces the challenge of being ready to strike a deal if opportunity arises without conceding too much too early.
Source
bskyUSMCA faces uncertain future as July 1 review approaches with no extension expectedtheglobeandmail.comKey quotes
· 3 pulledI'd rather leave it unsigned, I'd rather have it terminated
With less than two weeks to go until the formal review of the United States-Mexico-Canada Agreement, one thing has become clear: There will be no 16-year extension of the trade treaty on July 1
Challenge for Canada's trade team is being ready to strike a deal if the opportunity arises – without giving up too much too early
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