US President Donald Trump stated on Wednesday (June 10) that he does not intend to renew the United States-Mexico-Canada Agreement (USMCA). The statement was made during an event at the White House and comes amid the review process of the agreement, which stipulates that the three countries must decide by July 1 whether to renew the pact or signal a possible withdrawal. If any member chooses to abandon the treaty, the process could take up to ten years to complete. “I don’t intend to renew it. We don’t need anything that Canada has. We don’t need anything that Mexico has, but they need everything that we have. They need to treat us better,” Trump stated. Despite the US president's signal, negotiations involving the trading partners are ongoing. The Office of the United States Trade Representative (USTR) reported that Washington and Mexico City will hold a second round of negotiations on June 16 and 17 in the US capital. A third round of negotiations between the United States and Mexico is scheduled to take place the week of July 20th in Mexico City. The USMCA came into effect in 2020, replacing the former North American Free Trade Agreement (NAFTA). The agreement regulates trade between the three economies and covers strategic sectors such as agriculture, the automotive industry, energy, and services.
This text was translated by machine from Brazilian Portuguese.