TORONTO (AP) \u2014 Canada\u2019s minister for U.S. trade said Thursday the United States-Mexico-Canada Agreement could be subject to annual review and that uncertainty could be the objective of the Trump administration.<\/p>\n
Dominic LeBlanc told a business audience in Toronto that he will meet with U.S. Trade Representative Jamieson Greer late next week in Washington ahead of the mandatory review of the USMCA<\/a> in July.<\/p>\n \u201cIf there\u2019s no consensus in the review the agreement continues. Then there\u2019s an annual review that starts and if uncertainty is one of the objectives from one of our (USMCA) partners you can imagine scenarios of how this might go,\u201d LeBlanc said.<\/p>\n LeBlanc said the current uncertainty about the future of the free trade deal is causing a break in investment decisions in Canada.<\/p>\n \u201cNet business investment is down,\u201d LeBlanc said. \u201cTherein lies one of the big challenges. We have to control what we can control.\u201d<\/p>\n Canadian Prime Minister Mark Carney has set a goal for Canada to double its non-U.S<\/a>. exports in the next decade, saying American tariffs are causing a chill in investment. Carney recently made a trade deal with China and is in India this week.<\/p>\n U.S. President Donald Trump negotiated the USMCA in his first term and included a clause to review the deal in 2026.<\/p>\n Trump has talked about getting the U.S. automakers to close factories in Canada and move them to the U.S. and Greer has talked about \u201creshoring\u201d industrial production.<\/p>\n LeBlanc said he\u2019s \u201cnot pessimistic\u201d about the future of the trade deal because the U.S. maintained an exemption for Canada and Mexico under the deal when Trump announced new tariffs recently.<\/p>\n \u201cSo, they\u2019re doing that because it\u2019s in the American economic interest to do that,\u201d he said.<\/p>\n Most of Canada\u2019s exports to the U.S. are currently exempted by USMCA<\/a>. But tariffs are taking a toll on certain sectors<\/a> of Canada\u2019s economy, particularly aluminum, steel, auto and lumber.<\/p>\n