Mexico’s Economy Minister Marcelo Ebrard said the country expects trade terms with the United States that are no worse than those granted to Canada, after Washington decided not to renew the current USMCA framework and moved to bilateral negotiations. The trilateral pact, which was set to take effect in 2020 and covered about $2 trillion in trade, has been split into two separate bilateral tracks. The U.S. decision on July 1, 2026 also changed the balance of leverage, leaving Mexico and Canada unable to form a joint front against U.S. proposals.
Mexico’s Economy Minister Marcelo Ebrard said the country expects trade terms with the United States that are no worse than those granted to Canada, after Washington decided not to renew the current USMCA framework and shifted to bilateral negotiations.
The trilateral agreement, originally set to take effect in 2020 and covering about $2 trillion in trade, has now been broken into two separate bilateral tracks.
The U.S. decision on July 1, 2026 to abandon the existing trilateral structure means the U.S. will now hold annual reviews and bilateral talks with Mexico and Canada separately.
That change leaves Mexico and Canada unable to join forces against U.S. proposals.
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