Business Brief: The USMCA state-of-play
The upcoming review of the USMCA trade agreement is set for July 1, 2026, with ongoing negotiations between the U.S. and Mexico, while Canada is not currently involved. The U.S. aims to bring back factory jobs and reduce reliance on Chinese parts, while Canada seeks adjustments in various policy areas. The outcome of these discussions could significantly impact trade relations in North America.
- ▪The formal review date for the USMCA is July 1, 2026.
- ▪Negotiations are progressing between the U.S. and Mexico, but Canada is not participating at this stage.
- ▪The U.S. is pushing for changes that would bring more factory jobs back and reduce imported Chinese parts.
- ▪Canada is advocating for modifications to online streaming rules and dairy quotas, among other issues.
- ▪The U.S. may demand higher North American content requirements for vehicles during these negotiations.
Opening excerpt (first ~120 words) tap to expand
ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountGood morning. We’re less than six weeks away from the formal review date for the North American trade agreement (choose your acronym: USMCA, CUSMA or T-MEC). Talks between Washington and Mexico City are moving forward. Talks between Washington and Ottawa: not so much. In focus today we look at the state-of-play, what each side wants, and how things might play out in the coming weeks and months. Up firstIn the newsPipelines: Prime Minister Mark Carney insists his government’s climate plans will stand the test of time and shifting energy needs.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
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