Trade review

Calgary (Rajeev Sharma): North America’s economic partnership has entered a decisive phase as Canada, the United States and Mexico begin the first mandatory six-year review of the United States–Mexico–Canada Agreement (USMCA). The review, which officially commenced on July 1, is widely viewed as one of the most consequential trade negotiations since the agreement replaced NAFTA in 2020. Governments and businesses across the continent are closely watching the outcome, which could reshape the future of regional trade and investment. The review has gained heightened attention after the Trump administration signaled that it does not intend to offer an automatic extension of…