Canada and Mexico Signal Unity Ahead of USMCA Review, Seek “More Equitable” Trade
mexico City – Canada and Mexico expressed a shared desire to strengthen their economic ties and pursue a “more equitable and more efficient” revision of the USMCA trade agreement during a joint press conference Thursday, as the 2026 review looms with potential for renegotiation sought by the United States.
canadian Prime Minister Mark Carney emphasized his nation’s commitment to collaboration, stating, “We are absolutely steadfast to work with [our] two partners. We are stronger together.” The agreement, which has been in effect since 2020, is scheduled for reassessment in 2026, a process occurring against the backdrop of past trade tensions initiated by the US governance of Donald Trump.
Mexican President Claudia Sheinbaum voiced optimism about the future of the North American treaty, noting that Donald Trump “wishes to renegotiate by ensuring more favorable conditions for American manufacturers.” she added, “I am optimistic. Not only by conviction, but as I believe that the trade agreement between Canada, the United States and Mexico […] will prevail.”
The USMCA is vital to both the Mexican and Canadian economies, with approximately 80% and 75% of their exports respectively destined for the United States. Despite the agreement, Donald Trump has previously imposed tariffs on certain goods from both countries not covered by the USMCA, and has threatened further economic repercussions if Canada and Mexico do not address issues of illegal migration and drug trafficking.
Sheinbaum concluded, “The best way to compete with other regions of the world is to strengthen the commercial treaty between the three countries.”
