USMCA and the Politics of Permanent Leverage
The U.S. wants to keep the review of the trade agreement open and has little incentive for a final deal, an expert writes.
MEXICO CITY—Without much fanfare, U.S. and Mexican trade negotiators concluded a third round of bilateral USMCA talks in this city days ago. While progress was made on some issues, contentious topics such as auto industry rules of origin and nondiscriminatory access to Mexico’s electricity market are still sticking points that will be discussed in a new round scheduled for September in Washington. Even as Mexico’s president, Claudia Sheinbaum, said on Friday that she had a “very good meeting” with the U.S. Trade Representative, Jamieson Greer, the reality points to a complex...
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