Overview
- President Claudia Sheinbaum said the likely path is a review of the existing USMCA, noting that a replacement would require ratification by all three legislatures.
- Her government is organizing a specialized team to shape technical and political positions and will invite the private sector to present proposals.
- Mexico reports ongoing coordination with U.S. trade, Commerce and Treasury officials, aligning with USTR Jamieson Greer’s view that the accord is broadly beneficial with areas to improve.
- The formal trilateral evaluation is expected between January and July 2026 and could inform a decision on a 16-year extension.
- After suggesting the deal might be allowed to expire, President Trump later told Sheinbaum and Canada’s leader to keep working on the review.