The USMCA review began on July 1 as Washington declined to extend the pact, starting a decade-long clock that hangs over Mexico, the peso and autos.
Mexico · Economy
Key Facts
—The trigger. Washington declined to extend the trade pact at the first joint review, starting a ten-year countdown rather than ending it outright.
—The deadline. Without an agreement to extend, the pact would expire on July 1, 2036, after annual reviews each year until then.
—The scale. The agreement governs roughly two trillion dollars in trade each year across the United States, Mexico and Canada.
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