What is the USMCA, what the July 1, 2026 review decides, and how Trump tariffs, rules of origin and nearshoring shape the trade pact among the US, Mexico and Canada.
Mexico · Markets · Trade
Key Facts
—What it is. The USMCA is the free-trade pact binding the United States, Mexico and Canada; it replaced NAFTA on July 1, 2020.
—The 2026 review. On July 1, 2026 the three governments hold the pact’s first joint review and decide whether to extend it for another 16 years.
—The scale. The agreement governs roughly $1.8 trillion in trilateral trade each year and underpins one of the world’s most integrated manufacturing regions.
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The “most pro-U.S. manufacturing trade agreement in history” can still be enhanced during negotiations at the six-year mark with…
