USMCA wasn’t renewed by #Trump today.

#Canada and #Mexico are now in for 10 years of constant reviews.

What does that mean?

“Without a 16-year extension, the agreement moves into a period of annual reviews that will last for a decade.

Technically, this is an exit ramp.

If no extension agreement is reached by 2036, the USMCA will expire.

However, there will be plenty of opportunities to reach an agreement before that final deadline.”

theglobeandmail.com/business/a…

USMCA wasn’t renewed. What’s next for the North American trade deal?

Where negotiations go from here, the possibility of separate bilateral pacts, and what non-renewal could mean for the Canadian economy

^{Mark Rendell (The Globe and Mail)}