The United States government wants to change the trade deal with Mexico and Canada. They will not sign the old deal again.

美國政府希望更改與墨西哥和加拿大的貿易協議。他們將不會再次簽署舊協議。

The USA says the old deal is not good. The USA loses too much money in trade with Mexico and Canada. They want new rules for cars.

美國表示舊協議並不理想。美國在與墨西哥和加拿大的貿易中損失太多金錢。他們希望針對汽車制定新規則。

Canada is worried. Canada sells many things to the USA. Now, Canada wants to trade more with China.

加拿大感到擔憂。加拿大向美國銷售許多商品。現在，加拿大希望增加與中國的貿易。

Mexico wants to help the USA. They want to stop job losses. But Mexico also wants to protect its car factories.

墨西哥希望能幫助美國。他們希望停止失業情況。但墨西哥也希望保護其汽車工廠。

Companies are now afraid. They do not know the future rules. Because of this, companies may not build new factories in North America.

企業現在感到恐慌。他們不知道未來的規則將如何制定。因此，企業可能不會在北美建立新工廠。

The trade deal is still active now. But the three countries are worried about the future.

該貿易協議目前仍然有效。但三個國家對未來感到擔憂。

The United States government has announced that it will not renew the United States-Mexico-Canada Agreement (USMCA) in its current form. This decision starts a period of review and possible renegotiations.

美國政府宣布將不會以目前的形式續約《美國-墨西哥-加拿大協定》（USMCA）。此決定將開啟一段審查期，並可能進行重新協商。

U.S. Trade Representative Jamieson Greer explained that this decision prevents the agreement from being automatically extended for another sixteen years. Although the pact stays in place until 2036, the U.S. refuses to simply approve it without changes. The administration emphasized that the current rules have failed to reduce trade deficits, which reached $197 billion with Mexico and $48.3 billion with Canada in 2025. Furthermore, Washington wants to update the agreement to limit Chinese influence in North American supply chains by requiring more parts to be made domestically in the car industry.

美國貿易代表 Jamieson Greer 解釋，此決定是為了防止該協定被自動延長另 sixteen 年。雖然該協定將維持至 2036 年，但美國拒絕在不作修改的情況下直接批准。政府強調目前的規則未能減少貿易逆差，2025 年美國對墨西哥和加拿大的逆差分別達到 1,970 億美元和 483 億美元。此外，華盛頓希望更新協定，要求汽車工業增加本地零件製造比例，以限制中國在北美供應鏈中的影響力。

Different countries have reacted to this news based on their economic needs. Canada relies heavily on exports to the U.S., and because relations have worsened, Prime Minister Mark Carney is now looking to improve ties with China to reduce this dependency. Meanwhile, Mexico has stated it wants to address U.S. concerns about job losses, but it also wants to protect its own automotive sector. Experts warn that the main risk is not a sudden stop in trade, but rather a lack of certainty. Consequently, companies may be less likely to invest in long-term manufacturing, and regional partners might look for new trade deals in Europe or Asia.

不同國家根據其經濟需求對此消息反應不一。加拿大高度依賴對美出口，由於關係惡化，總理 Mark Carney 目前正尋求改善與中國的關係以減少依賴。同時，墨西哥表示希望解決美國對失業問題的擔憂，但亦希望保護自身的汽車產業。專家警告，主要風險並非貿易突然停止，而是缺乏確定性。因此，企業投資長期製造業的可能性將降低，而區域夥伴可能會在歐洲或亞洲尋找新的貿易協定。

The USMCA is still active for now, but the move to a review phase creates significant economic uncertainty for the three partner countries.

USMCA 目前仍然有效，但進入審查階段將為三個夥伴國家帶來顯著的經濟不確定性。

The United States government has announced its decision not to renew the United States-Mexico-Canada Agreement (USMCA) in its current form, initiating a period of review and potential renegotiation.

美國政府已宣布決定不以目前形式續展《美國-墨西哥-加拿大協定》（USMCA），將啟動審查及潛在的重新協商階段。

The decision, articulated by U.S. Trade Representative Jamieson Greer, prevents the automatic extension of the pact for an additional sixteen years. While the agreement remains operational until its scheduled expiration in 2036, the refusal to provide a 'rubber stamp' renewal triggers a review process. The administration's positioning is predicated on the perceived failure of the current framework to mitigate trade deficits, which reached $197 billion with Mexico and $48.3 billion with Canada in 2025. Furthermore, Washington seeks to modernize the agreement to counter the influence of Chinese capital and inputs within North American supply chains, proposing more stringent requirements for domestic content in the automotive sector.

此決定由美國貿易代表 Jamieson Greer 提出，阻止了該協定自動延長十六年。雖然協定在 2036 年原定到期前仍維持運作，但拒絕「橡皮圖章」式續展觸發了審查程序。行政當局的立場是基於認為目前的框架未能緩解貿易逆差，2025 年美國對墨西哥的逆差達 1,970 億美元，對加拿大則為 483 億美元。此外，華盛頓尋求使協定現代化，以對抗中國資本與投入在北美供應鏈中的影響，並對汽車產業提出更嚴格的國產含量要求。

Stakeholder responses indicate varying degrees of vulnerability. Canada, characterized by a high export dependency on the U.S. market, has observed a deterioration in bilateral relations, prompting Prime Minister Mark Carney to seek a strategic rapprochement with China to diversify economic reliance. Mexico has expressed a commitment to resolving U.S. concerns regarding job losses while simultaneously prioritizing the protection of its automotive industry. Despite these diplomatic efforts, analysts suggest that the primary risk is not an immediate cessation of trade, but the introduction of systemic ambiguity. Such uncertainty may disincentivize long-term capital investment in manufacturing and could potentially drive regional partners toward alternative trade blocs in Europe or Asia, thereby diminishing the strategic integration of the North American market.

利益相關者的反應顯示出不同程度的脆弱性。加拿大對美國市場的出口依賴度高，觀察到雙邊關係惡化，促使總理 Mark Carney 尋求與中國建立策略性接洽以分散經濟依賴。墨西哥則表示致力於解決美國對失業問題的擔憂，同時優先保護其汽車工業。儘管有這些外交努力，分析師指出主要風險並非貿易立即停止，而是系統性模糊性的引入。這種不確定性可能會降低製造業的長期資本投資意願，並可能將區域夥伴推向歐洲或亞洲的其他貿易集團，從而削弱北美市場的策略整合。

The USMCA remains in effect for the present, but the transition to a review phase introduces significant economic uncertainty for the three integrated partners.

USMCA 目前依然有效，但轉入審查階段將為三個整合夥伴帶來顯著的經濟不確定性。