New Economy
Thursday, 7/2, 06:44 AM
U.S. Declines to Renew USMCA, Clouding North American Trade
- At a scheduled review on July 1, the United States declined to renew the USMCA trade pact 'in its current form,' its trade office said, and will instead pursue separate talks with Mexico and Canada.
- The agreement stays in force for now, but the move injects fresh uncertainty into North America's roughly $1.5-trillion-a-year trade zone.