The United States declined to extend the USMCA with Canada and Mexico through 2042, leaving the pact in force but subject to annual reviews until 2036. U.S. officials said they want to address trade deficits and other shortcomings before agreeing to any renewal.
Posts tagged as “Board of Trade”
The Trump administration proposed 25% tariffs on Brazilian imports after a Section 301 investigation into trade practices including digital trade, deforestation and anti-corruption enforcement. Brazil’s President Luiz Inácio Lula da Silva denounced the move and said his government could retaliate.
President Trump and Chinese leader Xi Jinping agree on modest trade deals and a new framework for cooperation, but experts see few immediate breakthroughs. Key issues like Taiwan and Iran remain unresolved as both sides prepare for Xi’s visit to Washington.