LatinNews Daily - 03 June 2026

*Mexico’s Economy Minister Marcelo Ebrard has reiterated his support for extending the US-Mexico-Canada Agreement (USMCA) for a further 16 years. “Mexico’s ​intention and position is that the treaty should be extended,” said Ebrard during a business dialogue with Spain’s Economy, Trade, and Business Minister Carlos Cuerpo. He said that “the treaty will remain in ‌effect ⁠for many more years, but we would like it to be extended ​to 16 ​years.” This comes as the US and Mexico concluded the first round of bilateral negotiations in relation to the upcoming USMCA review on 29 May. Yesterday Canada’s minister for Canada-US trade, Dominic LeBlanc, met with US Trade Representative Jamieson Greer to discuss the next steps regarding the USMCA, as well as Canada’s recommendation to renew the agreement for 16 years. The 16-year extension is one of several options on the table for the review. If all parties do not agree to extend and no alternative agreement is reached, the deal would enter a cycle of annual reviews before expiring in 2036, absent any resolution. Another option is that one country pulls out of the deal completely, as US President Donald Trump has threatened to do.

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