US declines to extend North American trade deal, starting clock to end it while seeking changes

SummaryUS denies extension of US-Mexico-Canada Agreement for 16 years without changes USMCA remains in place for 10 years with annual review before expiring More US-Mexico negotiations scheduled the week of July 20 Mexico's Sheinbaum says work on USMCA will continue, 'today is not a deadline' WASHINGTON, July 1 (Reuters) - The Trump administration on Wednesday declined to extend the U.S.-Mexico-Canada Agreement, starting a decade-long clock to wind down the trade deal as it seeks changes to try ‌to reshore manufacturing jobs and reduce U.S. trade deficits with its North American neighbors. The decision, revealed after a six-year review of the...