America halts renewal of free trade deal
The United States announced that it will not renew the free trade agreement with Canada and Mexico, which has expired, affirming that negotiations for a new agreement are ongoing to improve the terms. The agreement was scheduled to be renewed on July 1st, but this did not happen, reflecting shifts in the American stance. This means that the current agreement will remain in effect for hundreds of years, with annual reviews, unless one of the countries decides to withdraw.
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