Sheinbaum reassures, 'the North American trade treaty is not at risk'
The president denies the end of the North American agreement after Trump's hypothesis of bilateral pacts
Quick Look
The president of Mexico, Claudia Sheinbaum, denied the end of the USMCA agreement in response to Donald Trump, confirming that the talks are continuing positively despite differences on timing and duties.
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Why It Matters
The USMCA is the free trade agreement between the United States, Mexico and Canada that replaced NAFTA.
The president of Mexico, Claudia Sheinbaum, has denied the possible end of the North American Free Trade Agreement (USMCA), in response to the hypothesis formulated by Donald Trump of replacing the agreement with bilateral pacts. During the daily press conference, Sheinbaum confirmed that Washington has chosen to discuss at separate tables, underlining however that the treaty remains valid and that the decision does not lead to its cancellation.
Regarding the timing of the renewal, Mexico and Canada have requested an extension of 16 years after the first six years of validity, while the USA aims to maintain the remaining 10 years with annual checks. "The possibility that the consultation to define another 16 years will be repeated in one, two or three years is not closed", the president specified.
Despite the outstanding issues, in particular on duties on cars, steel and aluminium, the talks are continuing positively. "For the moment the United States has decided to negotiate separately with Canada and Mexico. There is progress, we do not yet have a final agreement, but we continue to dialogue", he concluded.
Open Questions
- What will be the final decisions on tariffs for cars, steel and aluminium?
- How will the disagreement on renewal times be resolved?
