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Recent Editions
Risk Channel
North America
The Trump administration has declined to renew the U.S.-Mexico-Canada Agreement (USMCA) in its current form following its mandatory six-year review, leaving the trade pact in force for up to another 10 years with annual reviews while negotiations continue over proposed changes. The move starts the countdown towards the agreement's expiry unless all three countries agree to a revised version. The U.S. is seeking tougher North American rules of origin for automobiles and other industrial goods, aiming to reshore manufacturing, reduce trade deficits and limit China's access to the regional trading bloc. Talks with Mexico are due to resume later this month, and Canada has also pledged to continue negotiations while seeking relief from U.S. tariffs on steel, aluminum, vehicles and lumber. The USMCA underpins around $1.6tn of annual trade between the three countries, and industry groups, including automakers and agricultural exporters, have urged governments to preserve the agreement.
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Risk Channel
UK/Europe
Apple and Google face new proposals from the UK's Competition and Markets Authority (CMA) aimed at increasing competition in the mobile app market by allowing developers to direct users to alternative payment methods outside the companies' app stores. The regulator said the pair operate an "effective duopoly", with more than 90% of UK mobile devices running on their platforms, and is consulting on measures that would reduce developers' reliance on app store payment systems, where commissions of up to 30% are charged. The CMA is also considering requiring Apple to open access to its near-field communication technology to enable third-party contactless payment services on iPhones.
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