North American agricultural industry groups are actively lobbying for USMCA renewal ahead of the treaty's mandatory review. The outcome of that review could result in a 16-year extension, termination of the agreement, or an ongoing series of annual consultations if parties can't reach consensus.
USMCA is the backbone of North American produce trade. Mexico is the dominant supplier of avocados, tomatoes, peppers, cucumbers, limes, and many other categories consumed in the U.S. year-round. Any disruption to the trade framework — or even prolonged uncertainty — would have direct implications for supply chains and pricing.
Watch this closely. The USMCA review is one of the most consequential trade events on the horizon for the produce industry, and how the ag sector positions itself in negotiations could shape import dynamics for years to come.