On July 1, the United States, Mexico, and Canada sat down to decide the future of their trade agreement. Mexico and Canada said yes, but the United States said no to the agreement at least in its current form. The agreement didn&#x27;t end that day, but instead triggered a cycle of annual reviews that could run for the next 10 years.<br><br>In this episode, Diego Marroquín Bitar sits down with Juan Carlos Baker, resident fellow with the Georgetown Americas Institute and one of the architects of the original USMCA. Together, they discuss the future of trilateral trade, recent U.S. tariff announcements, and the prospects of reaching an interim agreement before the end of the year.

Closer to USMCA Extension? Preliminary Agreements With Mexico and Canada

35 West

Welcome to 35 West. I'm Chris Hernandez-Roy, Deputy Director of the Americas Program at CSIS and co-host of the 35 West Podcast. How professional the Mexican government is. Are we ready? I don't think. We'll form trends in Argentina. And that's what happened. We'll roll it all in the NAFTA negotiation. On July 1st, the three governments of North America sat down to decide the future of their trade agreement.

Mexico said yes to extending it, Canada said yes, the United States said no, or at least not in its current form. So the USMCA didn't die that day, but it didn't get a new either. Instead, it entered something new, a cycle of annual reviews that could run for the next 10 years. Since then, the pressure is only built. Washington has hit Canada with 50% tariffs on roughly $20 billion of goods, using a law from 1930 that no president had ever invoked this way. Mexico is still at the table, but still without relief in their tariffs.

And this month, the US raised the reward for the alleged new leader of Mexico's most powerful cartel to $25 million. Trade, security, and politics are no longer running on separate tracks. I'm Diego Marroquimitar, fellow at the CSIS Americas program, and your host on 35 West. My guest today helped build this agreement. Dr. Juan Carlos Baker served as Mexico's vice minister for foreign trade and was one of the lead figures in the negotiations that produced the USMCA. He's now founding partner at Consultores Internacionales Ansley in Mexico City.

Closer to USMCA Extension? Preliminary Agreements With Mexico and Canada

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Closer to USMCA Extension? Preliminary Agreements With Mexico and Canada

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.