US aims for interim trade deals by year end
The US is seeking interim trade deals with Canada and Mexico.
The USMCA renegotiation has been delayed, and a piecemeal approach is adding to uncertainty.
Markets view an interim deal with Mexico as more achievable near term, given its direct engagement in bilateral talks.
A 50% tariff on Canadian goods has raised questions over the credibility of the timeline for a Canada arrangement by year end.