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“With no indication necessary changes were on the table, not renewing is best outcome at this time”
Washington, D.C. — According to reporting from Bloomberg, the United States will not renew the trilateral trade agreement it has with Canada and Mexico, known as the USMCA. At the time USMCA was negotiated, Trump declared it “the greatest trade deal ever,” but the U.S. trade deficit has increased under the deal.
The USMCA was negotiated in Donald Trump’s first term as a revised version of the North American Free Trade Agreement (NAFTA). The deal has a provision requiring the three governments review the pact after six years and decide whether or not to extend the deal. That six-year review deadline is approaching on July 1st. If the countries do not renew the deal-as is, nor opt to leave the agreement, it will continue through 2036 with automatic annual reviews.
Last year, Sierra Club joined other climate advocacy groups in submitting public comments, and sending a letter, to U.S. Trade Representative (USTR) Jamieson Greer outlining the changes to the environmental chapter of USMCA, and more broadly in the agreement, that would aid in the creation of a sustainable and resilient manufacturing sector by protecting the environment and the health of the public and workers. Since then, hundreds of House and Senate Democrats have demanded that Greer use the review period to increase U.S. competitiveness by requiring pollution reductions and good job standards in the agreement.
