Trump Won’t Renew USMCA, Forcing Mexico, Canada Into New Trade Talks

from it. But it also triggers yearly reviews that could result in the renegotiation of major parts of the treaty.

Frankly, this really isn’t a bad idea. We all know how markets are anything but stable during even the best of times. A periodic review of the agreement could actually be profitable for all parties. And, at president, Trump isn’t happy with some of our trade deals as they currently stand:

Trump “chose not to rubber stamp a USMCA renewal without addressing existing issues,” a senior administration official told reporters in a call announcing the move.

“In other words, the United States did not agree to renew the USMCA in its current form,” the official said. “So, as a result, the USMCA is not renewed.”

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