Mexico and Canada, two of the three USMCA nations, have said they want this collaboration to continue, unlike U.S. President Donald Trump. President Trump, speaking to reporters at the June G7 meeting in France, seemed unconvinced about continuing this collaboration.
In the same exchange, President Trump made some concessions about possibly signing it, yet still expressed pessimism about the agreement’s future.
The Mexican President, Claudia Sheinbaum, shared thoughts on Mexico and Canada’s relations.
Canada’s Prime Minister Mark Carney believes that the shift in U.S trade policy is making it difficult to maintain this agreement.
President Trump negotiated the USMCA in his first term, but has since become more U.S.-centric in his trade stance. The Cato Institute, a free-market think tank in Washington, D.C., in a June 1 article, concludes President Trump’s refusal to extend the agreement is not its death knell, but is also far from harmless.
Since the USMCA went into force, Mexico and Canada, individually, have surpassed China as the number one and two trade partners of the United States. The automotive and agricultural sectors are particularly interwoven across all three economies.
