U.S. Trade Representative Jamieson Greer confirmed the U.S. will not extend USMCA, officially kicking off the first of up to ten annual reviews of the trilateral trade agreement. A virtual meeting with Canadian and Mexican counterparts followed the announcement, with auto rules of origin, job losses, and trade deficits flagged as the most contested issues.
While USMCA technically remains in force during review, the non-renewal signals that the terms of North American trade are genuinely up for renegotiation. For produce, the stakes are enormous — the vast majority of Mexican and Canadian fresh fruits and vegetables enter the U.S. duty-free under USMCA, and any disruption to that framework would hit supply chains hard and fast.
This is a concrete development in the ongoing USMCA story worth tracking closely. Watch for how the agriculture chapters are treated in early review sessions — any hint of tariff exposure on produce from Mexico or Canada would be a major market-moving signal.