American auto manufacturers are getting uneasy with the end of the USMTA trade treaty. File Photo by Brian Kersey/ UPI | License Photo
July 1 (UPI) -- The United States will allow a deadline to pass to renew a trade deal for North American automakers.
The U.S.-Mexico-Canada Agreement -- negotiated by President Donald Trump in 2020 -- is set to expire Wednesday. After Wednesday, the pact will require annual reviews for 10 more years. If they had worked to renew the treaty, it could have been extended for another 16 years. U.S. and Mexican officials are scheduled to have discussions in Mexico City during the week of July 20.
Talks with Canada haven't started, though relations with the northern country have soured over the past year and a half after Trump began calling Canada "America's 51st state" and levied tariffs against it.
Industry executives told The Washington Post that U.S. Trade Representative Jamieson Greer is planning a virtual meeting with his counterparts in Mexico and Canada Wednesday.
