US EditionKorean Firms Call for USMCA Extension Ahead of Next Year's Joint Review
Korean firms warn that uncertainty about USMCA renewal risks $20 billion in U.S. investments and could disrupt integrated North American supply chains, USTR comments show.
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Korean firms call for USMCA extension ahead of next year's joint review
WASHINGTON — South Korean firms with production bases in North America have expressed their hope for preserving a free trade pact among the United States, Mexico and Canada in their comments to the U.S. government, stressing the importance of policy certainty, as a joint review of the pact is set for next year. In comments posted on the website of the Office of the U.S. Trade Representative (USTR), Korean companies called for extending the U.S.-…
(Washington = Yonhap News) Correspondent Kim Dong-hyun = As the Trump administration in the United States raises the possibility of not extending or revising the free trade agreement with Mexico and Canada, the agreement...
As the Donald Trump administration raises the possibility of canceling or revising the United States-Mexico-Canada Trade Agreement (USMCA), Korean companies are urging the U.S. government to extend the agreement. If tariff-free exports to the U.S. through Mexican and Canadian factories are lost, their global strategies and investments in the U.S. will be disrupted.
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