Overview
- President Trump labeled the trilateral USMCA trade pact "irrelevant" and signaled interest in pursuing separate bilateral deals with Mexico and Canada.
- Bloomberg reported he has privately asked aides why the U.S. should not withdraw from the agreement, though no formal step has been taken.
- U.S. Trade Representative Jamieson Greer told Politico that a 2026 withdrawal remains possible if changes are not secured.
- Greer also said the U.S. and Mexico agreed to begin formal talks on potential reforms, including tougher rules of origin and collaboration on critical minerals.
- Mexican President Claudia Sheinbaum said she does not expect a U.S. exit, and the Canadian dollar saw a brief selloff after the Bloomberg report.