U.S. Hints at Bilateral USMCA Renegotiation Amid Mexico's Non-Compliance
U.S. Trade Representative Jamieson Greer has hinted at a shift in USMCA negotiations, suggesting they may become more bilateral between the U.S., Mexico, and Canada. This comes as Mexico faces accusations of non-compliance with the trade agreement, with the U.S. expressing concerns and President Trump considering renegotiation.
Greer recently stated that it doesn't make sense to discuss extending the USMCA while Mexico is not adhering to its terms. He has been in talks with Mexican officials about alleged breaches of the agreement. Mexico's Economy Minister Marcelo Ebrard acknowledged these concerns and agreed that the upcoming USMCA review will involve bilateral negotiations. Meanwhile, Mexican President Claudia Sheinbaum expressed confidence in reaching a good agreement with the U.S.
The USMCA, which replaced NAFTA in 2020, is set for review in 2026. However, with the U.S. questioning its effectiveness and Mexico's compliance, the review process may begin earlier than expected. The United States Trade Representative will engage in bilateral negotiations with Mexican and Canadian representatives in the coming weeks to address these issues.
The future of the USMCA hangs in the balance as the U.S. and Mexico engage in bilateral negotiations over compliance concerns. With the trade agreement up for review in 2026, both countries aim to resolve these issues and ensure the pact's success.
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