Overview
- The USTR's 2026 Trade Policy Agenda criticizes Mexico for favoring state energy and mining firms such as Pemex and CFE, saying the measures disadvantage U.S. investors.
- The agenda highlights large and rising U.S. trade deficits with Mexico and Canada, noting a record imbalance with Mexico in 2025.
- Priorities for the review include tougher rules of origin, actions against transshipment and relocation, and scrutiny of investment from firms based in non‑market economies, with Canada also flagged over dairy and some digital rules.
- The USTR says it will negotiate firmly and will only recommend renewing the pact if identified problems are resolved, with the joint review slated for July 2026.
- A coalition of 69 U.S. industry groups urges a full 16‑year extension, opposes new tariffs on Mexico and Canada, and warns that substantive rule changes—especially to rules of origin—could disrupt supply chains and raise costs.