Mexico cuts pending issues in US‑Mexico‑Canada trade pact to 14

Mexico's Secretariat of Economy told Congress that the review of the United States‑Mexico‑Canada Agreement (USMCA, T‑MEC) has reduced the number of unresolved topics from 54 to 14. The next round of negotiations is scheduled for 20 July, after which the parties will decide on the next steps.

The agreement will remain in force at least until 2036, but the United States has rejected an automatic 16‑year extension and will conduct annual reviews for the next decade. Mexico seeks to remove U.S. tariffs on steel, aluminium and automotive goods, promote competitiveness in semiconductors, medicines and technology, and strengthen regional production to lower reliance on Asian supply chains. Washington’s concerns include manufacturing job losses, the trade deficit and supply‑chain vulnerability.

Canada continues to support the pact, and Mexican President‑elect Claudia Sheinbaum and Canadian Prime Minister Mark Carney have agreed on a joint action plan to boost bilateral trade and investment. Senate Foreign Relations Committee head Alejandro Murat Hinojosa said the progress sends a confidence‑building signal for the regional economy.