President Donald Trump may decide to withdraw from the United States-Mexico-Canada Trade Agreement (USMCA) next year, according to Politico.

Politico on December 4 quoted US Trade Representative (USTR) Jamieson Greer as saying that President Donald Trump may decide to withdraw from the US-Mexico-Canada Trade Agreement (USMCA) next year.

In a podcast scheduled to air on December 5, when talking to Politico's White House chief of staff, Dasha Burns, Mr. Greer said that the President's consistent view is to only accept agreements that are truly beneficial. He explained that the reason for the periodic review clause included in the USMCA is to provide a backup in case the US needs to modify, reevaluate or even withdraw from the agreement.

Greer also discussed the idea of ​​negotiating separately with Canada and Mexico, splitting the current agreement into two separate parts, adding that he had discussed the possibility directly with President Trump this past week.

Currently, the White House as well as the Canadian and Mexican governments have not commented on this information.

Previously, on December 3, President Trump stated that the USMCA agreement - which is preparing to enter the review phase - will be allowed to expire on its own, or another agreement will be built to replace it.

The USMCA is a 2020 replacement for the North American Free Trade Agreement (NAFTA) and was negotiated during Trump’s first term. Under the agreement, the three member countries are required to hold a joint review after six years of implementation.

Source: VTV

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