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EXCERPT:
U.S. Trade Representative Jamieson Greer confirmed that the Trump administration will not renew the U.S.-Mexico-Canada Agreement (USMCA) trade agreement in its current form after a joint review.
The USMCA replaced NAFTA during President Donald Trump’s first term.
“The United States will continue to engage with Mexico and Canada to address the Agreement’s shortcomings and our trade deficits with these countries,” announced Greer. “However, the Agreement remains in force pending resolution of these issues or until the Agreement’s termination.”