Washington: The United States is contemplating the implementation of separate protocols for Canada and Mexico as part of a review of the US-Mexico-Canada Agreement (USMCA), as announced by the US trade representative. This consideration stems from distinct trade disputes and economic dynamics with each neighboring country.
According to Anadolu Agency, Jamieson Greer, speaking at an event hosted by the Hudson Institute, indicated that Washington believes some elements of the agreement require changes. He noted that US President Donald Trump has expressed dissatisfaction with certain outcomes of the current deal. Trump aims to establish a more balanced trade framework with both Canada and Mexico.
Greer acknowledged the continued value of the USMCA but emphasized that additional country-specific mechanisms might be necessary atop its core structure. "We do have to have some kind of a protocol with Mexico and one with Canada separately," Greer stated. He highlighted the differences in import-export profiles and labor situations between the two countries, which justify the need for separate protocols.
Negotiations are ongoing in anticipation of a USMCA Joint Review Meeting scheduled for July 1. Greer expressed Washington's desire to resolve as many issues as possible before this meeting. He noted that while significant progress has been made with Mexico over the past year, some issues remain unresolved with Canada.
Trade has been a focal point of Trump's second term, with fluctuating threats of tariffs often causing uncertainty in global markets.