USMCA heads into unpredictable new phase with no extension likely

With less than two weeks to go until the formal review of the United States-Mexico-Canada Agreement, one thing has become clear: There will be no 16-year extension of the trade treaty on July 1. Mexico and the U.S. have already scheduled a third round of negotiations for late July, three weeks after the review date. Canada and the U.S. have yet to even start formal negotiations. Donald Trump himself can’t seem to make up his mind about the agreement he signed in his first term. “I’d rather leave it unsigned, I’d rather have it terminated,” the U.S. President told reporters…