US Government to Soon Begin Renegotiations of the US-Mexico-Canada Trade Agreement

This Week May Announce Start of Opinion Collection Procedure
Mandatory to Hold Trilateral Review Meeting by Next July,

[Washington=AP/Newsis] President Donald Trump holds the agreement after signing the ‘United States-Mexico-Canada Agreement’ (USMCA) on January 29, 2020 (local time) for a commemorative photograph. The U.S. government is expected to begin the agreement review process soon. September 5, 2025.,
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‘[Seoul=Newsis] Reporter Kang Young-jin from the United States has reported that the U.S. has begun preparations to renegotiate the United States-Mexico-Canada Free Trade Agreement (USMCA),’ reported the Wall Street Journal (WSJ) on the 4th (local time).’,
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‘The U.S. Trade Representative (USTR) is expected to start the opinion collection process necessary for beginning the agreement renegotiation within the next month.’,
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‘This process is mandated to be completed by October 4th according to the 2020 legislation that ratified the agreement.’,
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‘It is reported that the U.S. government may announce this week the procedure for requesting opinions from businesses and labor unions.’,
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‘Opinion collection will be the first official act in the renegotiation process, which will continue for several months.’,
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‘Signed by President Donald Trump in 2020, the USMCA is mandated to be reviewed every six years.’,
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‘The renegotiation process involves holding at least one public hearing following the opinion hearing procedure, reporting to Congress about the agreement by January next year, and holding the first official trilateral review meeting by next July.’,
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‘The USMCA, which replaced the North American Free Trade Agreement (NAFTA) signed in 1992, was promoted as an achievement of Trump’s first term.’,
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‘Trump criticized during his campaign that NAFTA moved U.S. factories and jobs to Mexico.’,
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‘Nevertheless, shortly after starting his second term, Trump imposed and then reduced high tariffs on Canada and Mexico, thereby weakening the USMCA.’,
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‘Mexico and Canada are the two largest trading partners of the United States, and along with the U.S., they have developed a sophisticated supply chain across the North American continent. However, Trump’s tariffs disrupted this supply chain.’,