USMCA Trade Deal: US Refuses to Renew Mexico and Canada Pact

The United States will not renew its trade pact with Mexico and Canada in its present form, US trade representative Jamieson Greer said in a statement issued July 1. The decision affects the USMCA, a deal governing nearly 1.6 trillion dollars in annual trade among the three countries, and comes as Washington pushes for changes it says are needed to fix persistent trade deficits.

At a Glance

• USTR Jamieson Greer confirmed the US will not renew USMCA in its current form.
• The agreement stays active while issues are resolved, or until it is terminated.
• USMCA covers close to 1.6 trillion dollars in yearly North American trade.
• A third round of US Mexico bilateral talks is set for July 20.
• Canada says the deal remains in force for another decade regardless of the US stance.

Why Greer Says the Deal Falls Short

Greer's statement was blunt: the United States