Overview
- Mexico and the United States concluded a second bilateral round on June 15–17 and reported technical progress on rules of origin and economic security.
- The formal trilateral review opens with a virtual meeting on July 1 when Mexico, the United States and Canada will each present official positions under Article 34.7.
- A more technical negotiating round is scheduled for the week of July 20 in Mexico City to move from broad proposals to detailed treaty text.
- President Trump said he would 'prefer' the treaty to expire, a public stance that analysts say increases political risk and could slow investment decisions tied to North American supply chains.
- Under the treaty the parties may choose a 16‑year automatic extension or a 10‑year continuation with annual reviews, and Mexico is pushing to cut U.S. Section 232 tariffs on steel, aluminum and vehicles while backing a Chapter 12 implementation committee to improve regulatory compatibility.