US Vows to Keep some Canada, Mexico Tariffs as Trade Pact Deadline Looms
The July 1 mandatory review could reopen tariff, digital trade and forced-labour disputes, with U.S. officials saying the talks may become a renegotiation.
- On May 27, U.S. Trade Representative Jamieson Greer met President Claudia Sheinbaum in Mexico City to discuss the Canada-United States-Mexico Agreement review, with Canada's chief trade negotiator Janice Charette absent from the talks.
- The agreement's mandatory review stems from a 'sunset clause' requiring reassessment on July 1, 2026, every six years; former Global Affairs Minister Chrystia Freeland called it 'absolutely unnecessary,' while critics termed it a 'ticking time bomb.'
- Multiple friction points complicate negotiations: Trump's Section 232 tariffs on steel and aluminum hurt General Motors, Ford, and Stellantis divisions, said Flavio Volpe of the APMA, while the U.S. opposes Canada's Online News Act and Online Streaming Act.
- Both negotiating teams have signaled the July 1 deadline will slip, with Charette warning of 'some turbulence,' as Greer prepares to outline Trump administration priorities to Congress on June 1.
- With 30 per cent of global economic output at stake, the three intertwined North American economies face a 'high-stakes game of chicken,' yet Trump's shifting stance—from praising CUSMA as 'the best trade agreement ever' to calling it 'horrible'—underscores unpredictability ahead.
27 Articles
27 Articles
US vows to keep some Canada, Mexico tariffs as trade pact deadline looms
The US said it intended to maintain tariffs on some imports from Canada and Mexico, dimming hopes that they could uphold their free trade accord. All three nations must decide by July 1 whether to extend the US-Mexico-Canada Agreement, signed during President Donald Trump’s first term, for another 16 years. But the Trump administration had “significant” trade issues with Canada, US Trade Representative Jamieson Greer said, adding that the “giant…
Sydney Morning Herald
Trump might tear up ‘the best deal ever made’
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US, Mexico set three rounds of trade deal talks without Canada
The Trump administration's trade agency said on Wednesday it will kick off the first of three negotiating rounds with Mexico this week to revamp the North American trade agreement, but made no mention of any talks with Canada.
The timetable for the revision of the TMEC, North America’s most important trade agreement, has been modified once again. Although the trilateral examination, between Mexico, the US and Canada, will formally begin next July, the Mexican and U.S. authorities already anticipate that the process will extend beyond that date. Amid global geopolitical and trade turbulence, the economic Cabinet of Claudia Sheinbaum and her Washington counterparts will…
Marcelo Ebrard, Mexico's Secretary of Economy, reported on upcoming rounds of negotiations for the Mexico Treaty, the United States, Canada (T-MEC).Ebrard confirmed a second round of talks with the U.S. Trade Representative's Office (UST) for the T-MEC, in addition to the first that has already been confirmed for May 28 and 29 at CDMX.The second round is to be held in Washington DC in the United States on June 16 and 17.He even explained that th…
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