00:00The future of the United States-Mexico-Canada agreement faces renewed uncertainty
00:05after President Donald Trump says the U.S. is better off without the trade pact.
00:10However, Trump says he remains open to signing a renewed agreement.
00:17Trump's comments come as the three countries approach a key deadline on July 1st
00:22to decide whether to extend the agreement or withdraw from the trade pact.
00:26Discussions are already underway, with the U.S. trade representative meeting Mexican officials in Washington this week to review key
00:34issues.
00:35Talks are focused on agricultural fair competition rules across North America,
00:40with another round of negotiations expected in Mexico City next week.
00:44The six-year-old USMCA agreement has helped create a highly integrated North American economy,
00:51supporting about US$1.6 trillion in annual trade between the three countries.
00:56But despite these ties, the U.S. recorded a goods trade deficit of $46 billion with Canada
01:02and $197 billion with Mexico last year.
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