First Trilateral USMCA Review Ends Without US Consent to ExtensionA · FULL TRANSLATION
# USMCA# North America trade# Mexico# supply chain
Key Points
- The US, Mexico and Canada held their first three-way USMCA review
- Washington declined to agree to an extension, opting for annual reviews
- Institutional uncertainty rises for North American supply chains
Analysis
The first trilateral USMCA review ended without US agreement to extend the pact, shifting to annual reviews instead. For Japanese and Taiwanese manufacturers invested in Mexico, the policy-risk premium on North American supply chains just went up again.