Trump wants to ditch his signature trade deal. It’s not that easy
Nearly 160 farm and food groups want the pact renewed as the review begins, citing tariff-free trade and lower consumer costs.
- On Wednesday, the Trump administration failed to reach a new agreement with Canada and Mexico as the mandatory USMCA review officially began, with US Trade Representative Jamieson Greer confirming the impasse.
- President Donald Trump has repeatedly criticized the USMCA, stating last week he would "rather have it terminated" despite hailing the deal six years ago as the fairest trade agreement ever signed.
- Nearly 160 agricultural organizations have urged the three countries to "renew and strengthen" the USMCA, which facilitates roughly $2 trillion in annual trade among North America.
- The Senate Finance Committee argues the United States cannot withdraw from the congressionally approved agreement without consent from Congress, suggesting any unilateral termination attempt would face significant legal challenges.
- Analysts expect the three nations will maintain the status quo, reconvening annually for the next 10 years to negotiate rather than pursuing a long-term 16-year renewal of the USMCA.
14 Articles
14 Articles
Trump is attacking a trade deal he once bragged about — and the US may pay the price
Paul Wiseman’s commentary on the USMCA conveniently ignores several realities -- the same realities that Trump and his trade representative Jamieson Greer pretend don’t exist.Mexico and Canada talk to each other, and neither is likely to throw the other under the bus. Canada is not “sidelined” - it has simply refused to accede to Trump’s demands. And the US does not hold all the cards.
We Need To Stay in USMCA
President Trump is threatening withdrawal from the USMCA. It’s a bad idea. North America needs to be a continental free trade zone, as Ronald Reagan envisioned. As a political matter, the red states are most dependent on trade with Mexico and Canada. The post We Need To Stay in USMCA appeared first on Unleash Prosperity.
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