Mexico Expresses Intent to Renew USMCA Through 2042
Mexico and Canada say the pact supports $2 trillion in annual trade and want certainty for investors and supply chains.
- Mexico and Canada have formally notified the United States that they want to extend the United States-Mexico-Canada Agreement for 16 years to 2042, a joint push for stability as trilateral review talks continue.
- Tensions persist as U.S. Trade Representative Jamieson Greer proposed 10% or 12.5% tariffs on goods from 60 countries, including Mexico, citing forced labor enforcement failures, though USMCA-compliant products remain exempt.
- Economy Minister Marcelo Ebrard wrote to Greer and Canadian Trade Minister Dominic LeBlanc that consultations revealed a 'positive perception' of the pact, with sectors opposing U.S. Section 232 steel and aluminum tariffs.
- Technical teams recently concluded a first round of review talks in Mexico City, focusing on competitiveness and supply chains, with a second round scheduled for June 16 and 17 in Washington, D.C.
- President Donald Trump previously dismissed the pact as 'irrelevant,' yet the USMCA remains in force with 2036 as the earliest possible termination date regardless of review outcomes.
18 Articles
18 Articles
Mexico expresses intent to renew USMCA through 2042
Mexico has formally notified the United States and Canada that it wishes to extend the USMCA free trade pact for an additional 16 years to 2042. Separately, Canada notified Mexico and the United States on Tuesday that it also wants the trilateral pact to be renewed until 2042. The USMCA free trade agreement has governed trade between Mexico, the United States and Canada since 2020. (lopezobrador.org.mx) Mexico and Canada’s notifications to their…
North America, Canada and Mexico are currently in intensive negotiations on the form of further international cooperation. Their key agreement, the USMCA, must be negotiated by July 1 at the latest. If the parties agree on the trade terms and rules creating the free trade zone, it will be extended for 16 years; if not, it will enter a regime of annual revisions until 2036.
Canada and Mexico formalized on Tuesday their request to extend for 16 years the Mexico-United States-Canada Treaty (T-MEC), in an attempt to shield the trade agreement against the doubts expressed by President Donald Trump. According to the AFP agency, the agreement is vital for both countries, since the United States represents the main destination of their exports: about 75% for Canada and about 80% for Mexico. Faced with this dependence, Ott…
Mexico, Canada and the United States sent formal letters to communicate their positions on the joint review of the Treaty between Mexico, the United States and Canada (T-MEC), scheduled for July 1st. The first two nations explicitly communicated their interest in extending the agreement for 16 years.
Omaha World-Herald
The Billings GazetteCanada seeks to renew trilateral trade pact
OTTAWA — Canada sent a letter Tuesday to the United States and Mexico outlining its recommendations to renew a trilateral trade agreement for 16 years while seeking parallel talks on sectoral tariffs ahead of a meeting between Canadian and U.S.…
"The agreement brings great benefits to each of our countries and strengthens the integrated North American economy," says Canada's letter of recommendation to the US and Mexico Trade Commissioners.
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