Curtis Hernandez
The USMCA trade agreement did not get renewed by the White House on its scheduled deadline this week, leaving the 16 year old pact between the United States, Mexico and Canada in a kind of limbo rather than a clean shutdown. The deal stays technically alive, but its future now hinges on negotiations that could drag on for months or longer.
At a Glance
- U.S. Trade Representative Jamieson Greer said the U.S. would not renew the USMCA in its current form as of Wednesday's deadline
- The agreement remains in force while the three countries try to resolve disputes, or until it is formally terminated
- Absent a new deal among all three nations, USMCA is set to expire automatically on July 1, 2036
- Canada and Mexico together account for roughly a third of all U.S. exports
- The pact has underpinned close to 2 trillion dollars in annual trade, according to figures reported by The Wall Street Journal
What Greer Actually Said
In a statement issued Wednesday, Greer made clear the U.S. position without declaring the agreement dead. He said Washington would keep talking to Ottawa and Mexico City about the deal's
Dean Porter
Douglas Turner