Intense Discussions Surrounding USMCA Review and Future Trade Relations
As the United States prepares for public hearings regarding the US-Mexico-Canada Agreement (USMCA), industry groups are urging a swift renewal of the pact amidst concerns over tariffs imposed by President Trump. U.S. producers warn that these tariffs could jeopardize their access to Canadian and Mexican markets, with many agricultural organizations calling for a 16-year extension of the agreement. Some advocacy groups have expressed strong support for USMCA, highlighting its effectiveness, while others caution about its impact on specific agricultural sectors. The upcoming review in Washington is set to address these issues comprehensively, amid calls for civility in the negotiations and an emphasis on the importance of this trade deal in light of evolving trade dynamics, including uncertainty related to China.
The New York Times, CBC, The Globe and Mail, South China Morning Post, Bloomberg.com, Business Council of Canada, Seafoodnews, Business Roundtable, Textile World, CSIS | Center for Strategic and International Studies