The United States has refused to renew the USMCA trade agreement in its current form, leading to its non-renewal. The pact remains in effect until 2036, with annual reviews underway that could extend it. A renewal would have reset the expiration date to 2042, reducing business uncertainty.
The United States has refused to renew the USMCA trade agreement in its current form, meaning the pact remains in force until its potential expiration in 2036. A renewal would have extended it to 2042, avoiding a decade of uncertainty for businesses involved in the $1.8 trillion market.
The US has refused to renew the USMCA trade pact with Mexico and Canada, opting instead for annual reviews. This decision, made on the deal's deadline, could impact businesses and investments across North America.
China’s top diplomat on the US-Mexico border denounced protectionism as a dead end at the weekend, delivering a pointed defence of open trade just weeks before Mexico, the United States and Canada sit down to review the United States-Mexico-Canada Agreement (USMCA) that governs North American commerce. Consul General Fu Xinrong told a business gathering in Tijuana that unilateralism benefits no one and called on nations to build economic ties based on sovereignty and mutual respect rather than...
China’s top diplomat on the US-Mexico border denounced protectionism as a dead end at the weekend, delivering a pointed defence of open trade just weeks before Mexico, the United States and Canada sit down to review the United States-Mexico-Canada Agreement (USMCA) that governs North American commerce. Consul General Fu Xinrong told a business gathering in Tijuana that unilateralism benefits no one and called on nations to build economic ties based on sovereignty and mutual respect rather than...
