As per earlier reports,

• US official says that the US did not agree to renew USMCA in current form
• United States will continue to engage with Mexico and Canada to address agreements shortcomings and heartrate deficits with these countries.
• Agreement remains in force pending resolution of these issues or until agreements termination
• USTR will continue to consult with Congress, public on changes to USMCA
• Trump has already changed US MCA under new tariffs and trade policies, but it is possible to improve situation with negotiations.

Meanwhile Mexico’s economic minister Ebrard says:

• USTR Greer says US wants to review USMCA annually for the next 10 years
• Mexican official to meet with US trader representative on July 20

This article was written by Greg Michalowski at investinglive.com.



Source link