The Trump administration is reportedly gearing up to renegotiate the U.S.-Mexico-Canada Agreement (USMCA), the largest free trade deal of the United States. The process is expected to commence within the next month.
US Set To Launch USMCA Renegotiation Consultations
The Office of the U.S. Trade Representative is set to begin public consultations for the renegotiation, a process mandated by the 2020 law that implemented the pact. The consultations must commence by Oct. 4, and will likely be the first step in a lengthy renegotiation process, reported The Wall Street Journal.
President Trump’s team is expected to seek input from companies and unions this week. The renegotiation will likely feature a mandatory six-year review, with the first formal trilateral USMCA review set for July 1, 2026.
The USMCA, signed by Trump in 2020, replaced the 1992 …