Trump declines to renew major trade deal with Canada, Mexico [View all]

Source: The Hill

07/01/26 1:12 PM ET


The Trump administration announced Wednesday it will not renew the United States–Mexico–Canada Agreement (USMCA) in its current form. Wednesday marked the deadline to renew the trade agreement, which President Trump struck with Canada and Mexico during his first administration.

U.S. Trade Representative Jamieson Greer noted in a statement that even though the administration will not renew the USMCA, it will remain “in force pending resolution of these issues or until the Agreement’s termination.”

Greer noted that the U.S. will meet with Mexico during the week of July 20 for a third round of negotiations. “The United States will continue to engage with Mexico and Canada to address the Agreement’s shortcomings and our trade deficits with these countries,” he said.

The agreement is set to automatically expire July 1, 2036, unless all three member countries agree to formally renew it for an additional 16-year term.

Read more: https://thehill.com/homenews/administration/5949845-trump-administration-usmca-renewal/