Tough Outlook For New North America Trade Agreement As Deadline Nears

USMCA negotiators are racing to meet a July 1 review deadline, but analysts think a full new deal is unlikely before U.S. midterm elections.

Possible outcomes include an extension, a weaker pact, bilateral deals, or even tariffs, according to S&P Global Mobility.

Any revised agreement is expected to bring higher vehicle tariffs, stricter labor-content rules, and tighter limits on Chinese inputs.

The UAW is pushing for changes that protect U.S. jobs and improve conditions for workers in Mexico.