Mexico expects early review of USMCA trade pact
- Mexico expects the USMCA trade agreement review to start in the second half of 2025, ahead of the scheduled 2026 date.
- This anticipation follows pressure from the U.S., particularly President Trump, who has pushed for earlier renegotiation of USMCA to gain better trade terms.
- Canadian officials, including International Trade Minister Dominic LeBlanc, say the U.S. Has not indicated interest in an early review but want to address economic and security issues soon.
- LeBlanc highlighted ongoing U.S. Tariffs of 25% on steel and aluminum, and 10% on energy and potash, and expressed hope for a short-term work plan to remove tariffs swiftly.
- The early review and tariff discussions imply trade tensions remain, but officials aim for progress before the formal 2026 review to support North American economic cooperation.
25 Articles
25 Articles
Mexico Seeks Early Review of USMCA Trade Agreement
Mexico plans to initiate a review of the USMCA trade agreement with the U.S. and Canada earlier than scheduled, aiming to enhance clarity for consumers and investors. Economy Minister Marcelo Ebrard announced the intention to begin discussions in the year's second half to renegotiate and streamline trade policies.
There’s No Evidence US Will Seek Early Free Trade Review: Dominic LeBlanc
Canada has no reason to believe the United States will initiate an early review of the North American free trade agreement, but U.S. officials are interested in addressing economic and security matters, International Trade Minister Dominic LeBlanc says. LeBlanc made the comments on CBC’s “Rosemary Barton Live,” saying that trade between the two countries remains top of mind for both the Canadian and U.S. governments. “It’s obvious that we’re not…
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