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Investing.com -- The United States-Mexico-Canada Agreement (USMCA), a significant trade deal between the three North American countries, is due for a review in the upcoming year. The Canadian Prime Minister, Mark Carney, has indicated that certain aspects of the agreement will need to be altered.
The USMCA was established during the first term of U.S. President Donald Trump. Both Carney and Trump have recently expressed the need for renegotiations of the deal’s terms. These statements were made as the leaders of Canada and the United States convened at the White House to discuss trade and various other matters.
The review and potential changes to the USMCA trade agreement will be a key focus in the coming year for these North American nations. The specifics of the changes have not been disclosed at this time. However, the discussions between the two leaders signal the importance of the agreement and the need for its terms to accurately reflect the current economic and trade conditions.
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