U.K. Weighs Joining USMCA Pact as Hopes for U.S.-Only Deal Fade
- Johnson admits a bespoke deal with U.S. unlikely before 2024
- Joining U.S.-Mexico-Canada pact would face procedural barriers
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The U.K. is exploring joining an existing free-trade agreement between the U.S., Mexico and Canada, a person familiar with the nation’s thinking said, a recognition the Biden administration won’t start negotiations on a bespoke deal any time soon.
The U.K. is conducting simultaneous negotiations around the world to replace its prior free-trade treaty with the European Union. So far it has struck deals with the EU, Japan and Australia, as well as multiple other trade-continuity accords.