Economic Times7/2/2026BusinessIndia
US Declines USMCA Extension, Initiating 10-Year Wind-Down
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- The US has declined to extend the USMCA trade deal, starting a 10-year wind-down.
- The move aims to reshore manufacturing and reduce trade deficits.
- Negotiations with Mexico and Canada are ongoing, focusing on automotive rules of origin, but disagreements persist.
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The US has declined to extend the USMCA trade deal, starting a 10-year wind-down. The move aims to reshore manufacturing and reduce trade deficits. Negotiations with Mexico and Canada are ongoing, focusing on automotive rules of origin, but disagreements persist.
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This article was originally published by Economic Times.
