U.S. and Mexico Conclude First Bilateral Round of USMCA Review. (Carney & Canada is left out). 1/2
May 30, 2026 | Sundance |
Remember last weekend when we outlinedhow the sudden sense of urgency from Europe toward a trade agreement with Mexico?that agreement had little to do with purchasing row crops from Mexico,and everything to do with what Europe needs as access to the United States{Go Deep}.
The language being used by the United States trade office is specific. [SEE HERE] The first bilateral round of negotiations between the United States and Mexico for the USMCA free trade agreement has concluded. (Emphasis mine)
PRESS RELEASE โ โMEXICO CITY โ โToday, the United States and Mexico concluded the first bilateral round related to the Joint Review of the United States-Mexico-Canada Agreement(USMCA).
The United States concluded discussions with thegoals of reducing the trade deficit with Mexico and strengthening American supply chains. During this first round, negotiators discussed priority issues related toautomotive rules of origin, steel and aluminum, and economic security.
The United States and Mexico recognize theimportance of advancing cooperation to enhance regulatory compatibility to strengthen sectors, including medical devices, pharmaceuticals, cosmetic products, and others.
We will continue advancing these discussions on June 16-17 in Washington, D.C.,in addition to agricultureand a level playing field. Thethird roundwill be held during the week of July 20 in Mexico City.
The United States continues to emphasize the importance ofensuring the Agreement benefits U.S. manufacturers, farmers, ranchers, workers, service suppliers, and businesses of all sizes, and of addressing free-riding from third countries.โ (source)
Currently, European automakers have billions invested in Mexican auto plants. Much of thecomponent material for those vehicles comes from Europe for assembly in Mexico. That was the primary focus of the Europeans in their trade agreement with Mexico.
According to information coming from within the U.S-Mexico bilateral discussion, President Trump andUSTR Greer are now changing the USMCA trade rules to require 50% of all automobiles be from American manufacturing. [The previous USMCA agreement was 70% from North America.]
When you consider EU and Asia component use in North American autos, and when youconsider this is a bilateraldiscussion between only two nations, there is abig difference between 50% of the vehicle made in America(bilateral equity) and 70% of the vehicle made in North America (old trilateral FTA).
https://theconservativetreehouse.com/blog/2026/05/30/u-s-and-mexico-conclude-first-bilateral-round-of-usmca-review/