The Trump administration declined to renew the USMCA on its current terms, keeping the North American trade pact in force but subject to annual reviews. U.S. officials cited trade deficits with Canada and Mexico, while Canadian officials said they remain committed to preserving the agreement.
Posts tagged as “Dominic LeBlanc”
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.