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. 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.