The president of the Bilateral Business Committee of the Mexican Business Council for Foreign Trade, Investment and Technology (Comce), Kenneth Smith, ruled out a collapse of the Mexico, United States and Canada Treaty (TMEC) and an exit from the US economy in accordance with what Donald Trump has proposed.
“We do not see an imminent situation of a collapse of the United States-Mexico-Canada Treaty (USMCA) or an exit of any of the countries,” said the former USMCA negotiator during the presentation of the prospects for foreign direct investment and foreign trade for 2026.
“The United States is not going to leave the USMCA, but there is a clear signal that the Donald Trump administration will replicate the schemes, which have the negotiations with the European Union and
Japan,” he noted.
The manager predicts that Donald Trump, president of the United States, will maintain base tariffs and resolve market access barriers to US exports.
The Mexican economist participated last week in a hearing organized by the United States trade representation to review the comments of industries and sectors regarding the review of the USMCA.
“During the hearing, 150 companies and associations participated in a total of 1,500 letters sent to the public consultation process in the United States regarding the review of the USMCA,” he commented.
The representative of Comce and together with his colleagues from the United States and Canada from the Coalition for North American Trade (CNAT) presented their comments to the public consultations carried out by the three nations.
“Of this universe of letters that were received and the comments that were received at the hearing, more than 75 percent speak and mention that the Mexico, United States and Canada Treaty should be extended for another 16 years, as stated in the agreement,” he expressed.
Only 2 percent of the letters and comments from companies and business organizations ask the Office of the United States Trade Representative (USTR) to cancel the USMCA, said the expert on trade agreements.
“The vast majority of comments are favorable towards the (positive) impact of the USMCA on the US economy, because that was the focus of the USTR audience,” he emphasized.
The comments from the industries of Mexico, the United States and Canada were positive and in favor of the extension of the USMCA, now it is necessary to eliminate tariff or non-tariff barriers, he considered.
The United States Chamber of Commerce and the National Manufacturing Association have specific concerns with the implementation of constitutional reforms in Mexico, he added.
“There is a very wide universe of positive comments about the USMCA,” concluded Kenneth Smith.
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