Previously, Trump suggested letting the Treaty expire and creating a new one.

Mexican President Claudia Sheinbaum has stated that the review of the United States-Mexico-Canada Agreement (USMCA) is unlikely to result in a new trade agreement that should be approved by Congress.

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She explained that businessmen would participate in the process and that the Mexican government would provide additional support if needed. Sheinbaum pointed out that the review will be technical, not a replacement of the existing treaty.

However, U.S. President Donald Trump had previously suggested letting the USMCA expire or creating a new agreement. Sheinbaum clarified that this possibility was not directly discussed in her meeting with him.

Trump requested coordination with Canadian Prime Minister Mark Carney and Sheinbaum, who were working alongside the Secretary of Commerce, the Trade Agreements Ambassador, and the Secretary of the Treasury.

Jamieson Greer, head of the Office of the United States Trade Representative (USTR), testified before the U.S. Senate that the USMCA has been beneficial, although it requires improvements in some aspects considered strategic by Washington.

Sheinbaum highlighted the constant communication between Greer, the U.S. Secretaries of Commerce and the Treasury, and Mexican Economy Secretary Marcelo Ebrard, to monitor the review of the trilateral trade agreement.

Mexican Banorte Economic Analysis team warned that Trump’s tariff policy could persist as a negotiating tool in a “challenging external environment” for Mexico during the USMCA review.

The financial group noted that trade integration with the U.S. is a differentiator that favors Mexico, thanks to the reconfiguration of production chains and the logistical advantage derived from geographic proximity.

Actinver Director of Analysis Enrique Covarrubias considered the USMCA review to be the most relevant economic event of 2026, with the possibility of extending its validity until 2046 through renewal.

On Dec. 19, Sheinbaum reiterated her optimism regarding the USMCA review, stating that Mexico is on the right track and the economy would remain stable during 2026.

The public hearing before the review of the USMCA, organized by the USTR, included participation from agricultural, business, and political groups, which reflects the diversity of interests involved in the Treaty.

teleSUR: JP

Source. La Jornada – EFE

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