USTR's Greer says Trump intended for USMCA to create more balanced trade with Canada and Mexico, that has not happened; there are valuable components to USMCA, may need separate protocols with Mexico and Canada
The remarks by USTR's Greer indicate dissatisfaction with the USMCA's impact on trade balance, highlighting that it has not met the intended goals under Trump's administration.
Senior Trump Administration official described Trump as being in a "mode of defiance"; he is still willing to see if a diplomatic solution can be reached, but isn't necessarily expecting that outcome, via WSJ
US President Trump, tells Fox News, if the negotiations advance and there is something tangible, we might extend the deadline, via Al Arabiya
USTR's Greer says Trump intended for USMCA to create more balanced trade with Canada and Mexico, that has not happened; there are valuable components to USMCA, may need separate protocols with Mexico and Canada
NY Fed Survey of Consumer Expectations (March.): 1yr inflation 3.4% (prev. 3.0% in Feb), 3yr 3.1% (prev. 3.00%), 5yr 3% (prev. 3%)
Newsquawk Daily Economic Releases - 8th April 2026
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- Want to resolve as many issues in USMCA before July 1st, negotiations could continue after July 1st.
- China at root of problem with overcapacity.
This ongoing concern may impact currency valuations, particularly the USD, as trade relations with Canada and Mexico remain a point of contention, suggesting potential volatility in markets tied to these currencies. Further negotiations could mean extended uncertainty as stakeholders consider how to address the trade imbalances, especially amid challenges posed by broader issues like China's overcapacity.
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