Updated
Updated · Bloomberg · Jun 18
USMCA Negotiators Set July 1 Virtual Session as Trump Casts Doubt on 6-Year Pact
Updated
Updated · Bloomberg · Jun 18

USMCA Negotiators Set July 1 Virtual Session as Trump Casts Doubt on 6-Year Pact

1 articles · Updated · Bloomberg · Jun 18

Summary

  • July 1 is now the date for the next USMCA negotiating session, which Mexican officials said will be held virtually to discuss the trade pact’s future.
  • The timing matters because July 1 is the deadline the six-year-old agreement originally set for a possible extension.
  • Mexican Economy Minister Marcelo Ebrard has tried to project optimism about reaching a deal even as Trump has taken a more skeptical public stance in recent days.
  • That split in messaging leaves the virtual session as the next key test of whether the United States, Mexico and Canada can keep the North American trade framework intact.

Insights

How will a decade of USMCA 'zombie mode' uncertainty reshape North America's $2 trillion trade landscape?
Can North America's auto industry survive the proposed U.S.-specific content rules in the USMCA review?