USTR says US did not agree to renew USMCA in its current form and US will continue to engage with Mexico and Canada to address agreement's shortcomings and our trade deficits with these countries
- Agreement remains in force pending resolution of these issues or until agreement's termination.
- Trump has already changed USMCA under new tariff and trade policies, but it is possible to improve situation with negotiations.
- Could see having separate trade protocols with Canada and Mexico during the remainder of Trump's term.
- Need North American tighter rules of origin for autos and for other industrial goods.
#EU SESSION#US SESSION#TRADE#TRADE