U.S.-Mexico-Canada trade agreement

The International Monetary Fund (IMF) has lowered Mexico's 2026 growth forecast to 1.2% from 1.6% and its 2027 forecast to 1.9% from 2.2%, citing global uncertainties and the Middle East conflict. Mexican Finance Minister Edgar Amador countered, attributing the revision to external factors like energy market shocks and expressing confidence in outperforming the projections.

Canada’s Prime Minister Mark Carney visited Saudi Arabia to strengthen economic ties, meeting Crown Prince Mohammed bin Salman and attending an investment forum. The trip aims to diversify Canada’s trade beyond the U.S., addressing concerns over U.S. tariffs and trade uncertainties. Canada and Saudi Arabia restored diplomatic relations in 2023 after a 2018 rift over human rights issues.

A US manufacturing trade group claims China is attempting to infiltrate the US-Mexico-Canada trade agreement through Mexican automotive investments, as the US considers not renewing the agreement. Analysts note that full decoupling from China's automotive industry remains challenging due to North America's reliance on Chinese-sourced components and Mexico's manufacturing capabilities.

Canadian Prime Minister Mark Carney stated the opening of the Canada-US Gordie Howe International Bridge may take longer than expected due to U.S. President Donald Trump's threats to block it. The bridge, a joint Canada-Michigan project, is set for a ribbon-cutting ceremony on Friday, though traffic may not start immediately.

The Gordie Howe International Bridge between Canada and Michigan is set to open soon, despite U.S. President Donald Trump's threats to block the project. The bridge, jointly owned by Canada and Michigan, aims to ease congestion and boost cross-border commerce.