USMCA debate focuses on energy dispute, extension and trade uncertainty
publishers 5articles 5first reported 24 Sep, 17:30 UTCdeveloping since 24 Sep · 3 editions
U.S. and Mexican trade officials are expected to meet in Washington in September to discuss allegations that Mexico’s energy policies discriminate against American companies and violate commitments under the United States-Mexico-Canada Agreement, The Hill reported.
The talks come amid a broader debate over the future of the three-country trade pact. U.S. lawmakers are seeking what National Hog Farmer described as a “high-quality” extension of the agreement, while a Canadian business leader warned that prolonged uncertainty surrounding USMCA discussions could discourage investment and create a “capital chill,” according to Fox Business.
Separate commentary has focused on whether the United States could leave the pact. The Financial Post reported that a trade lawyer believes President Donald Trump has the authority to withdraw from CUSMA, the Canadian name for USMCA. The Business Council of Canada, meanwhile, argued that the agreement provides certainty for businesses across Canada, Mexico and the United States.
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