Trump to Invoke Six-Year Provision to Renegotiate USMCA if Re-elected

Oct 10, 2024, 10:40 PM

Donald Trump has announced that if he is re-elected as President, he will formally notify Mexico and Canada of his intention to invoke the six-year renegotiation provision of the United States-Mexico-Canada Agreement (USMCA) free trade agreement. This provision, which took effect in 2020, allows for the renegotiation of the trade deal signed in 2018. Trump's primary concern is addressing issues related to Chinese auto production. Kamala Harris has also expressed interest in renegotiating the agreement.