Sheinbaum-Trump agree to activate USMCA review, seek to avoid $90B trade loss

Mexican President Sheinbaum and US President Trump have agreed to activate the USMCA trade agreement review process, aiming to reduce tariffs and prevent a $90 billion loss in bilateral trade. The negotiation focuses on tariff reductions and the future of the agreement, with outcomes uncertain. This matters because the USMCA review could reshape North American trade flows and supply chains.