For months, policymakers, businesses and trade watchers in Washington had been bracing for a turbulent spring and summer around the future of the USMCA, the trade pact binding the United States, Canada and Mexico.
But, to quote former UK Prime Minister Harold Macmillan, “Events, dear boy, events.” The war with Iran has dominated Washington’s attention, stripping away much of the political heat that was expected to surround the pact’s renewal.
