00:00Mexico expects the scheduled review of its trilateral trade pact with the US and Canada to begin ahead of time.
00:08Although the review of the US-Mexico-Canada Agreement, or USMCA, is officially set for 2026,
00:16Mexico's Economy Minister Marcelo Ebrard indicates that discussions could start as early as the second half of this year.
00:23The USMCA, which replaced the North American Free Trade Agreement in 2020 and was negotiated during US President Donald Trump's first term,
00:34requires the three countries to hold a joint review after six years.
00:38Trump has publicly pushed for the agreement to be renegotiated ahead of time
00:42and has called for the US to receive better trade terms with all of its commercial partners.
00:48The strong-arm tactics have led to sweeping tariffs from the US and fears of a global economic slowdown.
00:55Despite the tariffs, the USMCA is still in effect,
00:58only affecting shipments of products such as steel and completed automobiles from Mexico into the United States.
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