35 West

USMCA Review Kicks Off

35 West

Show Notes

Mexico, the United States, and Canada are hosting the 2026 World Cup, and it isn’t clear whether that or the ongoing negotiations over the USMCA free trade agreement is higher stakes for North America. The July 1 deadline for the three North American countries will shape the future of nearly 2 trillion in trade and determine whether the countries renew the agreement for another 16 years or let the clock run down towards expiration in 2036. The stakes are real and the story is more complex than it has ever been with a trade deal.

In this episode, Diego Marroquín Bitar sits down with William Alan Reinsch, senior adviser and Scholl Chair emeritus with the CSIS Economics Program and Scholl Chair in International Business. Together, they unpack the dynamics of the review, and the different negotiation strategies employed by the three countries. They also evaluate some of the most likely scenarios for the review, ranging from the potential risk of withdrawal to a surprise agreement that emerges in the fall of 2026.

More from 35 West

Oct 22, 2026

As great power competition between China and the United States intensifies, Latin America has emerged as a critical arena. Yet, discourse surrounding China’s expanding presence often falls into two reductive narratives, portraying Beijing as either a strategic “threat” or a benevolent “White Knight.” In reality, China’s regional strategy is multifaceted, spanning strategic investments in ports and digital infrastructure, access to critical minerals, and expanding security partnerships.

Oct 15, 2026

On October 4, Brazilians cast their votes in what is shaping up to be one of the most contentious and polarized elections in recent history. Flávio Bolsonaro, the right-wing senator and son of former President Jair Bolsonaro, finished ahead of incumbent President Luiz Inácio Lula da Silva, securing 47 percent of the vote to Lula’s 45 percent.

Oct 1, 2026

Paraguay is often overlooked in South America, but it is beginning to occupy a more visible place in regional economic and geopolitical conversations. With a growing economy, clean energy resources, and longstanding diplomatic ties with Taiwan, the country is trying to position itself for a new stage of development—one that goes beyond commodities and turns growth into broader opportunities for Paraguayans.

Sep 24, 2026

As the United States places renewed emphasis on the Western Hemisphere, development finance is emerging as an important instrument of economic statecraft. Following Congress’s 2025 reauthorization and revitalization of the U.S. International Development Finance Corporation (DFC), the agency is positioned to play an expanded role in mobilizing private capital, strengthening economic partnerships, and supporting strategic investments across the region.

Sep 17, 2026

In February 2025, the State Department designated six Mexican cartels as foreign terrorist organizations (FTOs) as part of a broader push from the Trump administration taking aim at organized crime in the Western Hemisphere. While U.S. rhetoric has continually stressed the threat posed by Mexican cartels, an overlooked component in this narrative is the fact that U.S. guns comprise the overwhelming majority of cartel arsenals. Still, the use of FTO designations opens new avenues for prosecuting firearms traffickers, most notably through the use of material support for terrorism charges.

See all episodes →