Mexico & United States — United States Trade Representative

Mexico: Mexico expressed a desire to extend the USMCA for 16 years and is actively engaged in bilateral negotiations with the United States to address trade concerns, particularly regarding automotive rules of origin and tariffs. The uncertainty surrounding the agreement's future could impact business investment.

United States — United States Trade Representative: The United States — United States Trade Representative, led by Jamieson Greer, formally announced the decision not to renew the USMCA in its current form and is leading the bilateral negotiations with Mexico to address the agreement's shortcomings.