Washington, July 1 (IANS) The Trump administration on Wednesday refused to renew the United States-Mexico-Canada Agreement (USMCA), opening negotiations to rewrite key parts of President Donald Trump’s signature North American trade pact while insisting it remains in force during the review process. The decision came after representatives of the United States, Mexico and Canada held the first mandatory six-year joint review of the agreement, which entered into force in 2020. While Washington dec…
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Washington, July 1 (IANS) The Trump administration will press Mexico for stricter rules of origin, stronger labour and environmental standards, tighter intellectual property protections and greater American manufacturing content as it seeks to rewrite the United States-Mexico-Canada Agreement (USMCA), a senior administration official said on Wednesday. The comments came soon after the United States declined to renew the USMCA in its current form during the agreement’s first mandatory six-year jo…
Washington, July 1 (IANS) President Donald Trump’s sweeping tariff policies have already overtaken key parts of the United States-Mexico-Canada Agreement (USMCA), fundamentally reshaping North American trade even before negotiations to rewrite the pact are completed, a senior administration official said on Wednesday. The remarks came after the United States declined to renew the USMCA in its current form during the agreement’s first mandatory six-year review, while keeping the trade pact in for…
Washington, June 11 (IANS) President Donald Trump has cast a fresh doubt on the future of the United States-Mexico-Canada Agreement (USMCA), saying he is not certain he will renew the North American trade pact when it comes up for review during his current term. Speaking at the White House after signing the Secure America Act on Wednesday (local time), Trump said the agreement’s most important feature was not the trade provisions themselves but the fact that it allows the United States to revisi…
New Delhi, April 20 (IANS) South Korean President Lee Jae Myung said on Monday that he and Prime Minister Narendra Modi agree that India and South Korea can be most ideal partners for comprehensive cooperation to promote mutual growth and innovation. While addressing a joint press meet with PM Modi following their talks in New Delhi, President Lee announced that India and South Korea have agreed to upgrade economic cooperation framework to create new drivers for mutual growth. He stated that Ind…