The USA does not want to keep the USMCA trade deal for a long time. Now, the three countries must check the deal every year.

美國不想長期維持 USMCA 貿易協定。現在，這三個國家必須每年對該協定進行審核。

The USA wants to change the rules. The leaders think the old deal is not good. They want to fix trade problems.

美國想要改變規則。領導人認為舊的協定並不理想，希望解決貿易問題。

Cars are a big problem. The USA wants more car parts to come from the USA. They do not want to use parts from China.

汽車是一個大問題。美國希望更多汽車零件來自美國，不想使用中國的零件。

Some business people are worried. They want a stable deal to save money. But steel companies like the new plan because it gives the USA more power.

一些商界人士感到擔心。他們希望有穩定的協定以節省成本。但鋼鐵公司則喜歡新計劃，因為這能賦予美國更多權力。

The trade deal is still active. But the countries are not sure about the future because they must talk every year.

貿易協定仍然有效。但各國對未來並不確定，因為他們必須每年進行磋商。

The United States has officially decided not to renew the United States-Mexico-Canada Agreement (USMCA) in its current form. Instead of a long-term extension, the agreement will now undergo annual reviews.

美國已正式決定不以目前形式續約《美墨加協定》（USMCA）。該協定將不再進行長期延長，而將改為每年進行審查。

The Trump administration decided against a 16-year extension that would have kept the pact active until 2042. Consequently, the agreement will now be reviewed every year until it expires in 2036, unless one of the countries decides to leave. The administration emphasized that the current framework is not effective enough in reducing U.S. trade deficits or fixing existing problems.

川普政府決定不採取 16 年的延長方案，否則該協定將維持有效至 2042 年。因此，該協定現在將每年進行一次審查，直到 2036 年到期為止，除非其中一個國家決定退出。政府強調，目前的框架在減少美國貿易逆差或解決現有問題方面不夠有效。

In the automotive industry, a major disagreement involves the 'rules of origin.' The U.S. government wants to increase the regional value requirement for vehicles from 75% to 82%, and it insists that 50% of that value must be produced within the U.S. Analysts assert that these changes could lead to higher operational costs and require expensive new investments. Furthermore, the administration intends to use these talks to reduce the North American supply chain's dependence on China.

在汽車工業方面，一個主要的爭議點在於「原產地規則」。美國政府希望將車輛的區域價值含量要求從 75% 提高到 82%，並堅持其中 50% 的價值必須在美國境內生產。分析師主張，這些變更可能會導致營運成本增加，並需要昂貴的新投資。此外，政府打算利用這些談判來減少北美供應鏈對中國的依賴。

Different groups have different views on this situation. For example, the U.S. Chamber of Commerce and car industry groups argue that stability is necessary to protect investments. On the other hand, domestic steel producers welcome the annual reviews because they provide more bargaining power. Meanwhile, Canadian officials prefer a long-term renewal to ensure certainty, although they believe these disputes can be solved.

不同團體對此情況持有不同看法。例如，美國商會和汽車工業團體認為，穩定性是保護投資的必要條件。另一方面，國內鋼鐵生產商則歡迎年度審查，因為這提供了更多議價能力。同時，加拿大官員更傾向於長期續約以確保確定性，儘管他們認為這些爭端是可以解決的。

Although the USMCA is still active, the lack of a long-term extension creates economic uncertainty as the three countries begin a cycle of yearly negotiations.

雖然 USMCA 仍然有效，但缺乏長期延長將在三國開始年度協商週期之際，造成經濟不確定性。

The United States has formally declined to renew the United States-Mexico-Canada Agreement (USMCA) in its current form, initiating a period of annual reviews rather than a long-term extension.

美國已正式拒絕按現有形式續約《美墨加協定》(USMCA)，轉而啟動年度審查期，而非長期延長。

The decision by the Trump administration to forgo a 16-year extension of the USMCA, which would have prolonged the pact until 2042, necessitates a transition to an annual review process. This mechanism ensures the agreement remains operational until its scheduled expiration in 2036, provided no party withdraws. The administration's rationale centers on the perceived inadequacy of the current framework in mitigating U.S. trade deficits and addressing systemic shortcomings.

川普政府決定放棄 USMCA 的 16 年延長方案（該方案原可將協定延至 2042 年），因此必須過渡到年度審查程序。只要沒有任何一方退出，此機制可確保協定在 2036 年原定到期前保持運作。政府的理由在於認為目前的框架在減少美國貿易逆差及解決系統性缺陷方面不足。

Within the automotive sector, a primary point of contention involves the rules of origin. The administration seeks to increase the regional value content requirement for passenger vehicles and light trucks from 75% to 82%, with a specific mandate that 50% of such value be produced within the U.S. This represents a shift toward a more granular distinction of domestic content, which industry analysts suggest could impose significant operational costs and necessitate extensive capital investment. Furthermore, the administration intends to utilize these negotiations to decouple the North American supply chain from Chinese influence.

在汽車產業中，原產地規則是一個主要爭議點。政府尋求將客車與輕型貨車的區域價值含量要求從 75% 提高至 82%，並明確要求該價值的 50% 必須在美國境內生產。這代表對國產含量採取更細緻的區分，產業分析師認為這可能會增加顯著的營運成本，並需要大規模的資本投資。此外，政府打算利用這些談判將北美供應鏈與中國影響力脫鉤。

Stakeholder positioning remains divergent. While the U.S. Chamber of Commerce and various automotive trade groups emphasize the necessity of cross-border stability to protect investments—noting that 86% of the $182 billion in USMCA-driven investment was directed toward the U.S.—domestic steel manufacturers have welcomed the annual review structure as a means of increasing negotiating leverage. Conversely, Canadian officials have expressed a preference for a long-term renewal to ensure investment certainty, though they maintain that the current disputes are resolvable.

利害關係人的立場依然分歧。雖然美國商會及各汽車貿易團體強調，為了保護投資，跨境穩定性至關重要——並指出 USMCA 驅動的 1,820 億美元投資中，有 86% 流向美國——但國內鋼鐵製造商則對年度審查結構表示歡迎，視其為增加談判籌碼的手段。相反，加拿大官員表示傾向於長期續約以確保投資確定性，儘管他們堅持認為目前的爭議是可以解決的。

The USMCA remains in effect, but the lack of a long-term extension introduces economic uncertainty as the three nations enter a cycle of annual negotiations.

USMCA 依然有效，但由於缺乏長期延長方案，隨著三國進入年度談判循環，經濟不確定性隨之增加。