Archive · 16 Jan 2026
Mexico Confident in USMCA Trade Pact Extension
Mexico's Economy Minister Marcelo Ebrard says the USMCA trade pact, which replaced NAFTA, is still strong and will be extended.
The three countries (U.S., Mexico, Canada) need to finish their review by July 1.
However, U.S. President Donald Trump has said the pact isn't helpful.
Analysts think the review might take longer and could become more political.
There are also high tariffs on Mexican exports to the U.S., which might stay even if the pact is extended.
The minister is hopeful, but others think it's getting harder to finish on time.
Mexico's Economy Minister Marcelo Ebrard insists the USMCA trade pact is intact and will be extended by July 1.
U.S. President Donald Trump has expressed skepticism about the pact's advantages.
The USMCA requires a joint review by July 1, 2024, to extend the treaty for another 16 years.
Analysts expect negotiations to extend into 2026 and warn that Trump might make the review more political.
High tariffs on Mexican exports to the U.S. may remain, undermining the pact's strength.
- Who
- Mexico's Economy Minister Marcelo Ebrard, U.S. President Donald Trump, analysts, American Chamber of Commerce of Mexico
- What
- Discussions and doubts about the extension of the USMCA trade pact
- When
- Review deadline is July 1, 2024; negotiations may extend into 2026
- Where
- Mexico, United States, Canada
- Why
- The USMCA treaty requires a joint review to extend the pact for another 16 years
- Trade Pact
- USMCA (U.S.-Mexico-Canada Agreement)
- Replacement
- Replaced NAFTA in 2020
- Review Deadline
- July 1, 2024
- Extension Period
- 16 years if extended
- Current Tariffs
- 50% on steel/aluminum, 25% on cars
- Analysts' Expectation
- Negotiations may extend into 2026
- Trump's Stance
- Doubtful about the pact's advantages
- Ebrard's Position
- Optimistic about treaty review progress