US Trade Representative Jamieson Greer says US‑Mexico‑Canada pact will undergo annual reviews

US Trade Representative Jamieson Greer said the United States will not automatically approve the US‑Mexico‑Canada trade agreement (USMCA/T‑MEC). The pact remains in force until 2036 and will be subject to annual reviews, as the administration seeks to address perceived deficiencies and the trade deficit with Canada and Mexico. Mexican Economy Secretary Luis Rosendo Gutiérrez countered misinformation, confirming the agreement’s validity through 2036.

Analysts note that the United States’ persistent trade deficit is driven more by its long‑standing “twin deficits” – fiscal and external – than by tariff or rules‑of‑origin measures. The Supreme Court’s recent decision overturning most Trump‑era tariffs removed a source of revenue previously used to offset the deficit, and deficits with Mexico remain sizable despite tariff changes. The commentary argues that without fiscal reform, adjustments to the trade pact alone will not resolve the imbalance.