U.S., Canada, Mexico begin July 1 trade review

The United States, Canada, and Mexico must complete a required review of their trilateral trade agreement by July 1. The pact, originally signed as NAFTA in 1994 and later renamed USMCA, governs more than $1.5 trillion in annual cross-border commerce. He has also suggested making Canada the 51st U.S. state and threatened military action against Mexican drug cartels.

Trade volumes and rail integration Bilateral U.S.-Mexico trade rose from roughly $81 billion in 1993 to nearly $800 billion in 2023. Cargo moved by rail across the Mexico-U.S. border has doubled since NAFTA began. The Canada Pacific Kansas City railway now operates a single network of 20,000 miles linking ports in British Columbia, Illinois, and central Mexico.

Conductor Ariel Murguia Cervantes moves freight such as sandwich bread, linoleum, and car parts among the three countries.

Political signals and limited meetings Canadian Prime Minister Mark Carney has urged middle powers to coordinate as a buffer against U.S. policy shifts but has not pursued deeper ties with Mexico. The three leaders held their only private trilateral meeting on Dec.

5, 2025, during the World Cup draw in Washington. ” Former Mexican ambassador Arturo Sarukhán said many business leaders now view keeping current terms as the best realistic outcome.

““If the result of the [trade] negotiations is for things to remain the way they already are today, many business people say that’s a relief.””