USTR Jamieson Greer announced July 1 that the US will not renew USMCA beyond 2036, opting instead for annual renegotiations that leave North American trade in permanent uncertainty.
Tag: trade
Posted inEconomy
USMCA’s first joint review opens as North American trade faces its highest tariff pressure in decades
The Free Trade Commission convened on 1 July 2026 to begin the USMCA’s six-year review, with Mexico facing a 9.8% average tariff rate and the three nations deciding whether to extend or let the pact expire in 2036.
Posted inEconomy
China’s June manufacturing PMI beats forecasts at 50.3 on AI export demand
China’s NBS reported a manufacturing PMI of 50.3 in June 2026, beating the 50.1 consensus forecast, driven by surging demand for AI-related exports amid the global infrastructure build-out.
Posted inEconomy
US and India near a trade deal with a July 24 tariff deadline forcing pace
USTR Jamieson Greer completed a June 22-24 New Delhi visit with both sides saying a trade deal is imminent before the July 24 tariff deadline on Indian goods.
Posted inEconomy
A second US court kills Trump’s 10% tariff, leaving trade policy in legal limbo
A US trade court ruled Trump’s 10% global import surcharge unlawful in May, the second major judicial blow to the administration’s tariff strategy in 2026, with the levy now set to expire in July.
Posted inGeopolitics
Trump leaves Beijing with Boeing deal, vague Iran pledge, and Xi state visit
Two days of talks in Beijing ended Friday with China’s pledge to pressure Iran, a 200-jet Boeing order, and an autumn invitation for Xi to visit Washington.
Posted inEconomy
Tariffs and tanker rerouting are redrawing the world’s trade map
The combination of US tariff barriers and Hormuz-driven shipping reroutes has added weeks to delivery times and billions in freight costs, with global goods trade in Q1 2026 recording its sharpest quarterly contraction since the pandemic.
Posted inGeopolitics
Trump and Xi open Beijing summit on trade, Taiwan, and the Strait
The two leaders agreed to pursue a ‘constructive China-US relationship of strategic stability’ on the first day of a two-day state visit, with the Strait of Hormuz, Taiwan, and rare earths all on the table alongside tariffs.