India, July 2 -- The Trump administration has announced that it will not renew USMCA, a free trade agreement among the United States, Mexico, and Canada.
"The United States did not agree to renew the USMCA in its current form. As a result, the USMCA is not renewed," US Trade Representative Jamieson Greer said on Wednesday, when the trilateral trade pact was set to expire after 16 years.
The Agreement between the United States of America, the United Mexican States, and Canada, known as USMCA, came into effect on July 1, 2020. It requires the USMCA Free Trade Commission, composed of government representatives of each Party, to conduct a joint review of the Agreement on July 1, 2026.
For comments and feedback contact: editorial@rttnews.com...