Expanding the U.S.-Canada-Mexico economic relationship in the face of a looming global recession is a central focus of President Biden’s meeting this week with his Mexican and Canadian counterparts — a summit of three leaders overseeing the world’s single most powerful free trade alliance.
Mr. Biden has benefited from former President Donald Trump’s success in reforming the alliance through the 2020 U.S.-Mexico-Canada Agreement (USMCA), the output of which accounts for no less than a third of the world’s total GDP.
Administration officials say they are keen to continue growing the tripartite juggernaut, even as other factors weigh on the summit playing out Monday and Tuesday in Mexico City.