The US and Canada reach an agreement, dealing a blow to Mexico’s “Leading Theory.” The baseline for steel, aluminum, and auto tariffs has been set, narrowing Mexico’s negotiating room. Growing urgency in political and business circles puts core interests under pressure, and future bargaining will require more pragmatic strategies.

#美加协议 #墨西哥贸易 #USMCA #关税谈判 #North American supply chain