Will a New Presidential Administration Expand Opportunities for Trade?
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Will a second administration of President Donald Trump bring progress on trade negotiations with key global partners? USMEF Vice President of Economic Analysis Erin Borror says exporters will be watching discussions with all trading partners, but two key regions stand out:
The United States-Mexico-Canada Agreement (USMCA) is slated to be reviewed in 2026. Borror notes that USMCA delivered tariff-free trade and minimal sanitary and phytosanitary barriers across North America. The trade agreement was negotiated in the first Trump term and needs to be preserved and strengthened when it comes up for review.
She also explains that the U.S. and United Kingdom held significant trade talks during the first Trump administration. That could signal an opportunity for an early trade win, particularly for U.S. beef and pork. U.S. red meat currently has virtually no market share in the UK, according to Borror.