US-Mexico-Canada Agreement
Coverage of US-Mexico-Canada Agreement in the Nexus archive.
- Trump administration won’t renew USMCA, raising risks of higher prices and lost jobs for Texas
The Trump administration has decided not to renew the US-Mexico-Canada Agreement (USMCA) unless Mexico and Canada agree to significant concessions. This decision could lead to higher prices and job losses in Texas. Trump previously praised USMCA as an improvement over its predecessor, NAFTA.
- US, Canada, Mexico begin bumpy negotiations to renew North American trade pact
The US, Canada, and Mexico are beginning negotiations to renew the U.S.-Mexico-Canada Agreement (USMCA), a trade pact that replaced NAFTA in 2020. The process faces challenges as the US pushes demands that could disrupt North American auto supply chains and raise car prices, while President Trump threatens to withdraw from the agreement. The pact requires renewal every six years, with a deadline of July 1, but no immediate resolution is expected.
- US vows to keep some Canada, Mexico tariffs as trade pact deadline looms
The US plans to maintain tariffs on some Canadian and Mexican imports, complicating efforts to extend the US-Mexico-Canada Agreement (USMCA) past its July 1 deadline. The Trump administration cited unresolved trade disputes with Canada and a large trade deficit, while Mexico reported a record monthly trade surplus. Mexico has surpassed China as the US's largest trading partner.
- No ‘immediate’ tariffs on semiconductors
The US will not impose immediate tariffs on semiconductors, according to US Trade Representative Jamieson Greer. Greer emphasized the importance of timing and appropriate tariff levels during a visit to Micron's Virginia facility, noting that recent Trump administration actions in China do not alter the approach. Upcoming US-Mexico-Canada trade talks will focus on rules of origin and economic security.