"At odds over their positions on global trade, the countries are navigating the fine line between cooperation and rupture. The future of the free trade agreement between them, the United States-Mexico-Canada Agreement (USMCA), is currently the subject of much dialogue and debate from their leaders. U.S. President Donald Trump has declared that he considers the agreement irrelevant to his country's industry."
"Conditions that Trump has imposed on world trade during the last year were mentioned by Carney in a forceful speech at the Davos forum this week. Great powers have begun using economic integration as weapons, tariffs as leverage, financial infrastructure as coercion, supply chains as vulnerabilities to be exploited, said the Canadian, in clear reference to Trump's tariffs. Canada's unease with the trade shifts imposed by the United States is calling into question its resolution to remain in the USCMA."
Mexico awaits decisions from the United States and Canada about the future of the USMCA, with formal review expected by July 1. U.S. President Donald Trump has described the agreement as irrelevant to U.S. industry. Canadian Prime Minister Mark Carney has sought trade diversification, including moves toward China and measures that will allow Chinese electric vehicles into Canada. Carney criticized recent U.S. trade actions at Davos, arguing that major powers use economic tools as coercion and leverage. Mexican President Claudia Sheinbaum insists the USMCA will remain intact and calls for calm amid the uncertainty.
Read at english.elpais.com
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