Bloomberg Surveillance · Monday, June 29, 2026
The United States-Mexico-Canada Agreement (USMCA) is undergoing its first periodic review, with expectations leaning towards minor modifications and a deferral of major decisions. Key areas of contention include energy, transshipment of goods, and Mexico's recent reforms impacting investor certainty.
“So right now we're basically fased upon this check in. I would call it more as a check in between the three parties. Do we all agree with the same terms that were negotiated upon six years ago, or do we need to tweak something or do we need to really change things and bring this review into a whole renegotiation. That's where we stand.”
“There's different things for US and Canada, for example. A lot of it has to do with energy. Between Mexico and the US. There's a lot of concerns around transshipment, especially as Mexico brings on exports or imports from other countries, particularly China. Assembols seeing a different fashion stamps on the label made in Mexico and then sends to a US that's a big thing, and the other one that.”