First USMCA negotiations to focus on content rules, economic security, Greer says

MANASSAS, Virginia, ‌May 22 (Reuters) - ​U.S. ​Trade Representative Jamieson Greer said on Friday that ‌the first round of formal negotiations ⁠to update the U.S.-Mexico-Canada trade agreement ‌next week in ‌Mexico City will focus on strengthening regional rules of origin ​and economic security provisions.

He told reporters at a Micron Technology ⁠memory chip plant in suburban Washington that ​regional content rules needed to be changed to help re-shore ​U.S. manufacturing, adding: "If you're ‌going to get a special deal on trade ⁠with the United States of America, we want to make sure ⁠that there's U.S. content in that."

Greer added ​that he was aware of automakers' calls to keep the six-year-old USMCA a ‌trilateral trade deal. Next week's talks will be ‌between the U.S. and Mexico ⁠only and exclude ‌Canada.

(Reporting by ​David Shepardson, writing by David Lawder; Editing by Nia ‌Williams)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Analysis-Big investors hunt for tomorrow's AI winners as capex angst fades
• Malaysia's July CPI rises 1.8% y/y, slightly less than forecast
• Six dead in 'stampede-like' incident at India temple, ANI says