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US vetoes extension of NA trade agreement
The US has decided not to renewing the US-Mexico-Canada Agreement (USMCA) in its current form, avoiding a guaranteed 16-year extension. This decision introduces uncertainty and requires the countries to negotiate annually if they wish to renew, with the potential for the deal to expire as early as 2036. The move stems from unresolved disputes over trade rules, particularly in automotive and dairy sectors.
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