U.S. Trade Representative Jamieson Greer has made it official. Delivering an official statement today following a discussion between the United States, Mexico and Canada, USTR Jamieson Greer informed the group the USA will not be renewing the USMCA trilateral trade agreement. [SOURCE]
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Unfortunately, yet predictably given how much false information has been pushed on this issue, the Canadian team will now believe they have a period of ten consecutive years of negotiation before the trade deal is over. This is structurally and completely false. The Canadian media will likely continue selling this false hope.
In reality, with the non-renewal announcement now made, President Trump and USTR Greer can now complete the bilateral trade discussions with Mexico (noted in the announcement) and then move to stage two.
Stage two will be the United States announcing a complete withdrawal from the USMCA, which triggers a six-month countdown clock. The formal notification of withdrawal will likely happen once the U.S. and Mexico complete the bilateral free trade agreement.






