They deny that the USMCA might fail or that the US might withdraw from it
The president of the Mexican Business Council for Foreign Trade, Investment, and Technology’s (COMCE) Bilateral Business Committee. Kenneth Smith, rejected Donald Trump’s proposal for the United States to withdraw from the United States-Mexico-Canada Agreement (USMCA) and its collapse.
During the presentation of the outlook for foreign direct investment and foreign trade for 2026, the former USMCA negotiator said. «We do not foresee an imminent collapse of the USMCA or a withdrawal by either country.»
He stated, «There is a clear indication that the Trump administration will replicate the strategies used in the negotiations with the European Union and Japan. But the United States is not going to withdraw from the USMCA.»
The CEO believes that US President Donald Trump will keep the base tariffs in place and remove the obstacles to US goods’ access to markets.
Last week, the Mexican economist took part in a session held by the US Trade Representative to examine industry and sector feedback on the USMCA review.
«Out of 1,500 letters sent to the public consultation process in the United States in preparation for the USMCA review, 150 companies and associations participated in the hearing,» he said. The CEO believes that US President Donald Trump will keep the base tariffs in place and remove the obstacles to US goods’ access to markets.
US Trade Representative to examine industry
Last week, the Mexican economist took part in a session held by the US Trade Representative to examine industry and sector feedback on the USMCA review.
«Out of 1,500 letters sent to the public consultation process in the United States in preparation for the USMCA review, 150 companies and associations participated in the hearing,» he said.
He pointed out that industry reaction from the US, Canada, and Mexico was favorable and in support of extending the USMCA. Now, tariff and non-tariff barriers must be removed.
He noted that the National Association of Manufacturers and the U.S. Chamber of Commerce have particular worries about Mexico’s implementation of constitutional revisions.
