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SummaryUS denies extension of US-Mexico-Canada Agreement for 16 years without changes USMCA remains in place for 10 years with annual review before expiring More US-Mexico negotiations scheduled the week of July 20 Mexico's Sheinbaum says work on USMCA will continue, 'today is not a deadline' WASHINGTON, July 1 (Reuters) - The Trump administration on Wednesday declined to extend the U.S.-Mexico-Canada Agreement, starting a decade-long clock to wind down the trade deal as it seeks changes to try ‌to reshore manufacturing jobs and reduce U.S. trade deficits with its North American neighbors. The decision, revealed after a six-year review of the...

Following direct remarks from both Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer, a triggered Canadian Prime Minister Mark Carney says the U.S. will not be permitted to dictate terms of the USMCA renegotiation, now scheduled for formal talks with Mexico only beginning May 25th. According to the Canadian leadership they do not need the United States in order to maintain their economy. The unfortunate people of Canada are very close to finding out exactly what that level of arrogance delivers. USTR Jamieson Greer was just in Mexico meeting with Mexican President Claudia Sheinbaum and the Mexican trade...

Senators on both sides of the aisle pressed U.S. Trade Representative Jamieson Greer on Tuesday in the wake of President Trump’s sweeping tariff actions. Democrats leaped at the opportunity to pounce on Greer during his testimony before the Senate Finance Committee on Tuesday morning amid blowback over the latest tariffs, but Republicans also shared concerns from constituents “First of all, I think there’s agreement that we recognize that America has been very generous in opening up our markets, our trading partners have taken advantage of us,” Sen. Ron Johnson (R-Wisc.), a hardline conservative, said during the hearing. “We don’t have...