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US won’t renew USMCA trade pact as Greer targets Canada’s China ties
🇨🇳 China /Economy & Trade

US won’t renew USMCA trade pact as Greer targets Canada’s China ties

From South China Morning Post · () English

Summarized and contextualized by DistantNews.

At a glance

News Official statement Outcome reported
  • The United States will not renew the North American trade pact (USMCA) in its current form.
  • U.S. Trade Representative Jamieson Greer cited Canada's pursuit of Chinese investment as the reason for the refusal.
  • The decision means the USMCA will not continue beyond its current term.

The United States has confirmed it will not renew the North American trade pact, with its trade chief directly blaming Canada's engagement with Chinese investment. U.S. Trade Representative Jamieson Greer stated that the three governments met virtually, and Washington would not endorse the United States-Mexico-Canada Agreement (USMCA) in its existing state.

"The United States did not agree to renew the USMCA in its current form. As a result, the USMCA is not renewed," Greer said in a statement. This decision effectively terminates the trade agreement as it stands, signaling a significant shift in U.S. trade policy within North America.

The refusal appears to be linked to concerns over Canada's economic ties with China, suggesting a broader geopolitical consideration influencing trade relations. The implications for trade between the U.S., Canada, and Mexico are expected to be substantial as the pact's renewal fails.

The United States did not agree to renew the USMCA in its current form. As a result, the USMCA is not renewed.

— Jamieson GreerU.S. Trade Representative Jamieson Greer's statement confirming the non-renewal of the USMCA.
DistantNews Editorial

Originally published by South China Morning Post. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.

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