Tricky negotiations begin Monday to renew a trade pact between the United States, Mexico and Canada - AP News

The United States, Mexico and Canada are beginning negotiations Monday to renew their trilateral trade agreement, marking the start of what are expected to be complex discussions. The talks involve updating the United States-Mexico-Canada Agreement (USMCA), which replaced NAFTA in 2020 and governs hundreds of billions of dollars in trade between the three North American nations. The negotiations are described as "tricky," suggesting potential disagreements over key trade provisions that could affect industries ranging from agriculture to manufacturing. The USMCA requires a review every six years, with the ability for any country to withdraw if terms cannot be agreed upon. The outcome will significantly impact trade relationships and economic policies across North America, affecting everything from supply chains to tariffs on goods flowing between the three countries.