Overview
- Speaking at a Ford facility in Michigan, President Trump said the trade pact offers no real advantage and urged automotive production to shift to the United States.
- The USMCA is due for its required 2026 joint review, which could lead to an extension, renegotiation, annual reviews, or potential withdrawal by any party with notice.
- Mexico’s President Claudia Sheinbaum voiced confidence in a constructive review after a recent call with Trump, according to Mexican reports.
- Canada’s Prime Minister Mark Carney plans to travel to Beijing this week to meet Xi Jinping, a step portrayed by Canadian media as a warming of ties as Ottawa seeks economic options.
- Eurasia Group warns the agreement may remain largely in force only on paper as Washington relies on bilateral pressure over Mexico and Canada during upcoming talks.