CRS, USMCA Review Stalls, U.S. Tariffs on Mexico Continue Amid Bilateral Negotiations

The Trump Administration declined to extend USMCA in its current form in July 2026 and is pursuing bilateral negotiations with Mexico, potentially targeting an interim arrangement by end-2026. U.S. tariffs on Mexican imports remain in effect, creating economic uncertainty for North American businesses while Congress evaluates whether USMCA revisions require legislative approval.