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

The US, Canada, and Mexico are beginning complex negotiations to renew the USMCA trade pact, which replaced NAFTA in 2020. The process faces challenges as the US seeks changes that could disrupt supply chains and raise car prices, while President Donald Trump threatens to withdraw from the agreement. The pact, requiring renewal every six years, is unlikely to be extended unchanged beyond the July 1 deadline.