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USMCA Renewal on Hold | Business and Finance News
Description
The U.S. is pulling the plug on auto-renewing the USMCA with Mexico and Canada, kicking off a new era of tough negotiations — but trade between the U.S. and its neighbors is hitting record highs. With $872 billion in trade with Mexico and $712 billion with Canada last year, the pact remains in effect while the U.S. pushes for changes to tackle trade imbalances and supply chain needs. Annual review meetings are now mandatory until 2036, and key industries are bracing for disruption as bilateral talks with Mexico resume later this month.
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