Donald Trump's government decided on July 1 not to automatically extend the T-MEC for another 16 years. Instead, annual reviews of the trade agreement will take place while it remains in force until 2036. The first review meeting is scheduled for July 20 in Mexico City.
The announcement came from the Office of the United States Trade Representative during a trilateral meeting. Mexico's Economy Secretary Marcelo Ebrard stated that the treaty remains in force without immediate changes and that a greater flow of investments to the country is expected.
Mexican business leaders expressed satisfaction with President Claudia Sheinbaum's handling. José Medina Mora, president of the Business Coordinating Council, highlighted Sheinbaum's firm yet cordial stance in negotiations with Trump.
Opposition leaders criticized the outcome. PAN's Ricardo Anaya attributed the result to eroded trust over security issues and called for Ebrard to appear before Congress to explain the process.
