US President Donald Trump says the United States might not renew the USMCA free trade agreement with Canada and Mexico, pointing to trade deficits and demanding better treatment from both countries. Trump tells reporters at the White House that he is “not looking to renew” the deal and argues the US does not need anything Canada or Mexico offers, while saying those partners need access to what the US provides. He also indicates he is discussing the issue with leaders in Canada and Mexico. Several outlets report that the existing agreement’s renewal is tied to a required decision process by July 1. Under the arrangement, if the countries approve a renewal, the agreement continues; if they do not, the pact is treated as ending and a withdrawal process would begin, taking about 10 years and allowing time for changes. Other coverage adds that Trump’s remarks may signal an extended period of negotiation focused on provisions such as those governing automobiles and other major industries. One report notes his comments shift from an initial rejection toward a more ambiguous position, though Trump’s overall stance against renewing remains central as talks proceed.
Trump says US may not renew USMCA with Canada and Mexico, while talks continue
US President Donald Trump says the United States might not renew the USMCA free trade agreement with Canada and Mexico, pointing to trade deficits and demanding better treatment from both countries. T...
- Trump says the US may not renew the USMCA trade agreement with Canada and Mexico.
- He cites trade deficits and calls on Canada and Mexico to “treat [the US] better.”
- Renewal requires decisions by July 1; otherwise a withdrawal process is triggered.
- The withdrawal process would take about 10 years and allows time for alterations.
- Outlets report negotiations could extend for months or years, including discussions over sectors such as autos.
The U.S. president walked back his initial rejection to something slightly more ambiguous, but still stressed his disdain for the accord, repeating "we don't need anything Mexico has." The post Trump says he’s ‘not looking to renew’ the USMCA, but the talks continue appeared first on Mexico News Daily
2 months agoUS President Donald Trump said on Wednesday that the United States might not renew its free trade agreement with Canada and Mexico and criticised trade deficits with those countries, although he said he was talking with their leaders about the matter. The three countries need to approve a renewal of their existing agreement by July 1 or signal their intention to exit the pact, a process that would take 10 years and would buy time for alterations. “I’m not looking to renew it,” Trump said at...
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2 months ago'We don’t need anything that Canada has ... but they need everything that we have, and they have to treat us better'
2 months agoPresident Donald Trump said he would not reauthorize the US’s trade deal with Canada and Mexico. “I’m not looking to renew it,” Trump told reporters Wednesday at the White House. “We don’t need anything that Canada has, we don’t need anything that Mexico has, but they need everything that we have, and they have to treat us better.” (Source: Bloomberg)
2 months agoPresident Donald Trump said he would not reauthorize the US’s trade deal with Canada and Mexico, setting the stage for months or years of negotiations over provisions governing automobiles and other key industries.
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