President Trump has decided not to renew the United States-Mexico-Canada trade pact that he negotiated during his first term, US Trade Representative Jamieson Greer said Wednesday.
“We think there are substantial issues,” Greer told Bloomberg News in an interview shortly before a scheduled call with a broader group of news outlets.
Despite the non-renewal, the USMCA won’t actually expire for at least 10 years — well after Trump leaves office. The decision instead begins an annual renegotiation process spanning the next decade.
This is a developing story. Please check back for updates.
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