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Trump privately weighs quitting USMCA trade pact he negotiated, Bloomberg News reports
Trump seeks more concessions on migration and drug smuggling tied to USMCA and threatens tariffs; failure to extend by July 1 could trigger annual reviews until 2030, reports say.
- Bloomberg reported President Donald Trump is privately weighing withdrawing the USMCA, asking aides why he shouldn’t quit the agreement he negotiated.
- Pressure for concessions prompted the private discussions as Trump wants more concessions from Canada and Mexico on migration and drug smuggling, his administration says.
- White House aides discussed procedural options including giving six months' notice and pressing for annual reviews if no extension, while weighing tariff threats up to 100%.
- Immediate consequences include large economic risk and procedural review triggers, as the decision would put $2,000,000,000,000 in goods and services at risk and American businesses wouldn’t take the news well, with a mandatory review on July 1 that could lead to annual reviews through 2030.
- U.S. Trade Representative Jamieson Greer told Fox Business that renewing the 2019 agreement was not in the country's best interests, while Sheinbaum dismissed withdrawal claims amid strained ties with Canada and Mexico.
46 Articles
46 Articles
Trump Trade Adviser Peter Navarro Says USMCA Has ‘Significant Flaws’
White House trade adviser Peter Navarro says there are “significant issues” with the United States-Mexico-Canada Agreement (USMCA), but he stopped short of suggesting U.S. President Donald Trump wants to scrap the deal. “I can tell you this, that USMCA has some significant flaws in it, and it’s going to be reevaluated in July,” Navarro said during a Feb. 12 interview with Bloomberg Radio. Navarro was asked about media reports saying Trump had qu…
New York.- The White House's trade adviser, Peter Navarro, stated that the North American trade pact presents "significant defects" before the negotiations, expressing his concern about the shipment of goods from China through Mexico and Canada. The uncertainty about the future of the agreement, negotiated by Donald Trump during his first term, has intensified, and the President has asked his advisers why he should not withdraw from the agreemen…
Los Angeles Times
DNyuzTrump privately weighs quitting USMCA trade pact he signed
Trump privately weighs quitting USMCA trade pact he signed
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