US blocks long-term renewal of North American trade deal

The United States has blocked a long-term renewal of the North American trade deal, instead opting for annual rolling reviews. This decision affects the trade agreement between the US, Canada, and Mexico, which was previously set to be renewed for 16 years. The move is expected to create uncertainty and potentially impact trade relationships among the three countries. Annual reviews will now be conducted to assess the agreement's effectiveness and make necessary adjustments.

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