US, Canada, Mexico begin bumpy negotiations to renew North American trade pact

The US, Canada, and Mexico are beginning negotiations to renew the U.S.-Mexico-Canada Agreement (USMCA), a trade pact that replaced NAFTA in 2020. The process faces challenges as the US pushes demands that could disrupt North American auto supply chains and raise car prices, while President Trump threatens to withdraw from the agreement. The pact requires renewal every six years, with a deadline of July 1, but no immediate resolution is expected.