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US, Mexico and Canada Officials Meet July 1 to Review Trade Pact While Steel Tariffs Remain at 50 Percent
Officials from the United States, Mexico and Canada convene July 1 for the mandatory review of the six-year-old USMCA. The session will decide whether to extend the pact for sixteen more years. North America holds advantages in energy exports, critical minerals and workforce complementarity.
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Officials from the United States, Mexico and Canada will meet on July 1 to begin the mandatory review of the United States-Mexico-Canada Agreement, Atlantic Council reported. The pact has been in force for six years, and the review will determine whether it extends for another sixteen years.
Section 232 steel tariffs have remained in place for seven years across three administrations and currently stand at 50 percent.
In February 2026 the United States and Mexico launched a Critical Minerals Action Plan. North America produces roughly 30 percent of global output, serves 500 million consumers and functions as a net energy exporter. Its advantages also include complementary food production across climates and a younger Mexican workforce that aligns with needs in the United States and Canada.
The Adrienne Arsht Latin America Center’s US–Mexico task force has outlined proposals that include simpler rules of origin, customs operations using blockchain and artificial intelligence, a common external tariff on steel, and targeted, time-bound import substitution. Trucks waited in queue at the Zaragoza-Ysleta border crossing bridge in Ciudad Juarez, Mexico, on March 12, 2026.
