Mexico's Secretary of the Economy, Marcelo Ebrard, gestures during a press conference following the formal meeting between representatives from Mexico, the US and Canada as part of the review process for the USMCA free trade agreement, in Mexico City on July 1, 2026. The United States will not renew a North American trade pact with Canada and Mexico in its current state, the US trade envoy said on July 1, meaning the deal will now be reviewed annually. (Photo by YURI CORTEZ / AFP via Getty Images)

Mexico's Secretary of the Economy, Marcelo Ebrard, gestures during a press conference following the formal meeting between representatives from Mexico, the US and Canada as part of the review process for the USMCA free trade agreement, in Mexico City on July 1, 2026. The United States will not renew a North American trade pact with Canada and Mexico in its current state, the US trade envoy said on July 1, meaning the deal will now be reviewed annually. (Photo by YURI CORTEZ / AFP via Getty Images)

Mexico's Secretary of the Economy, Marcelo Ebrard, gestures during a press conference following the formal meeting between representatives from Mexico, the US and Canada as part of the review process for the USMCA free trade agreement, in Mexico City on July 1, 2026. The United States will not renew a North American trade pact with Canada and Mexico in its current state, the US trade envoy said on July 1, meaning the deal will now be reviewed annually. (Photo by YURI CORTEZ / AFP via Getty Images)

Mexico's Secretary of the Economy, Marcelo Ebrard, gestures during a press conference following the formal meeting between representatives from Mexico, the US and Canada as part of the review process for the USMCA free trade agreement, in Mexico City on July 1, 2026. The United States will not renew a North American trade pact with Canada and Mexico in its current state, the US trade envoy said on July 1, meaning the deal will now be reviewed annually. (Photo by YURI CORTEZ / AFP via Getty Images)

Mexico's Secretary of the Economy, Marcelo Ebrard, gestures during a press conference following the formal meeting between representatives from Mexico, the US and Canada as part of the review process for the USMCA free trade agreement, in Mexico City on July 1, 2026. The United States will not renew a North American trade pact with Canada and Mexico in its current state, the US trade envoy said on July 1, meaning the deal will now be reviewed annually. (Photo by YURI CORTEZ / AFP via Getty Images)

Mexico's Secretary of the Economy, Marcelo Ebrard, gestures during a press conference following the formal meeting between representatives from Mexico, the US and Canada as part of the review process for the USMCA free trade agreement, in Mexico City on July 1, 2026. The United States will not renew a North American trade pact with Canada and Mexico in its current state, the US trade envoy said on July 1, meaning the deal will now be reviewed annually. (Photo by YURI CORTEZ / AFP via Getty Images)

Mexico's Secretary of the Economy, Marcelo Ebrard, gestures during a press conference following the formal meeting between representatives from Mexico, the US and Canada as part of the review process for the USMCA free trade agreement, in Mexico City on July 1, 2026. The United States will not renew a North American trade pact with Canada and Mexico in its current state, the US trade envoy said on July 1, meaning the deal will now be reviewed annually. (Photo by YURI CORTEZ / AFP via Getty Images)

Mexico's Secretary of the Economy, Marcelo Ebrard, gestures during a press conference following the formal meeting between representatives from Mexico, the US and Canada as part of the review process for the USMCA free trade agreement, in Mexico City on July 1, 2026. The United States will not renew a North American trade pact with Canada and Mexico in its current state, the US trade envoy said on July 1, meaning the deal will now be reviewed annually. (Photo by YURI CORTEZ / AFP via Getty Images)