USMCA Under Threat: Canada & Mexico Push Back

0:00You're listening to Global News today, powered by the Daily News now. Canadian and Mexican officials highlighted the need to preserve the U.S.-Mexico Canada Trade Agreement, known as the U.S.M.C.A., despite hints from, Washington about pursuing separate bilateral deals. On Thursday, Canada's ambassador to Mexico and Mexico's Deputy Trade Secretary spoke at a conference in Mexico City, calling the trilateral pact, a top, priority for both nations. This comes right after the U.S. administration announced two new trade probes on Wednesday, targeting forced labor and industrial overcapacity in 16 major partners. The investigations aimed to ramp up tariff pressure following a Supreme Court ruling last month that blocked parts of the U.S. trade program. Mexico could face scrutiny under Section 301 of the Trade Act of 1974 for excess capacity issues. Also, Mexican economy minister Marcelo Ibrad brushed off concerns, noting that most Mexican exports to the U.S. are protected under the U.S.M.C.A. and, exempt from such probes.

1:06Meanwhile, Canada dodged the list entirely, remaining the U.S.'s second largest trade partner after Mexico, without any investigation flags. The situation underscores ongoing tensions in North American trade, with officials on both sides pushing to keep the three-country deal intact amid. These U.S. moves. This DNN story comes to you thanks to our sponsor. When you need a moment alone, just lay back and listen. S.O.L.I. solelypillow.com