The upcoming six-year review of the USMCA, the free trade agreement between Mexico, the United States, and Canada, is gearing up to address tensions and challenges among the member states. Representatives from all three countries will meet in Phoenix for the fourth meeting of the agreement’s Free Trade Commission. Issues on the table include tariffs, Chinese imports to Mexico, and the Mexican government’s ban on genetically modified corn.
The U.S. recently imposed tariffs on Chinese imports, warning against commercial triangulation through Mexico. This move escalates the trade war with China and impacts the USMCA agreements. Mexico’s role as America’s primary trading partner is growing, as geopolitical tensions shift focus away from China.
Labor conditions in Mexican companies with ties to the U.S. and the dispute over the ban on genetically modified corn will also be discussed. Canada has joined the U.S. in criticizing Mexico’s actions, setting the stage for potentially contentious negotiations.
Trade flows in North America exceed $1.8 trillion, highlighting the interconnectedness of the three economies. The upcoming review will shape the future of trade relations in the region. Subscribe to our newsletter for more news coverage on these developments.