ADVERTISEMENT

Trump Says He Won’t Renew Current Trade Agreement With Mexico, Canada

ADVERTISEMENT

U.S. officials have argued that the agreement should be updated to address issues including rules of origin—particularly for automobiles and other manufactured products—as well as broader economic security concerns.

The administration has also sought stricter North American content requirements and measures designed to prevent countries outside the agreement, including China, from benefiting indirectly from its trade provisions.

The decision not to renew the agreement in its current form does not immediately alter or terminate the USMCA.

ADVERTISEMENT

Leave a Comment

ADVERTISEMENT