The United States and Mexico have successfully concluded the first round of negotiations aimed at revising aspects of the U.S.-Mexico-Canada Agreement (USMCA). These discussions, which took place in Mexico City, primarily focused on automotive rules of origin, as well as the trade of steel and aluminum. The U.S. Trade Representative’s office emphasized the goal of reducing the trade deficit with Mexico and bolstering American supply chains.

Upcoming Discussions

The negotiations are set to continue on June 16-17 in Washington, D.C., where the agenda will expand to include agriculture and ensuring a level playing field. A third round of talks is planned for the week of July 20 in Mexico City. Notably, these discussions currently exclude Canada, the third partner in the USMCA.

The outcome of these negotiations could have significant implications for industries reliant on cross-border trade, particularly in the automotive and metals sectors. Strengthening supply chains and addressing trade imbalances are key priorities for the U.S. as it navigates these complex trade relationships.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.