U.S. declines to extend CUSMA trade deal with Canada, Mexico
The decision starts an annual review that could keep the pact alive for up to 10 years unless the three countries agree on an extension.
- On Wednesday, July 1, 2026, the United States confirmed it will not renew the USMCA in its current form as officials from all three countries met virtually to discuss the pact's future.
- President Donald Trump has cast doubt on the agreement since returning to the White House, calling it "irrelevant" and arguing it failed to control trade deficits as intended.
- Canada and Mexico sought a 16-year extension, but the refusal triggers a rolling annual review for up to a decade, after which the agreement expires without an extension.
- Official negotiations launched between the U.S. and Mexico, though United States Trade Representative Jamieson Greer said the United States will "continue to engage with Mexico and Canada" while Ottawa and Washington have not yet started formal talks.
- The USMCA remains in place, as any partner country must provide six months' notice before pulling out, ensuring provisions stay in effect during ongoing negotiations.
62 Articles
62 Articles
Due to shortages of skilled workers and trade deficits, the US government does not want to extend a free trade agreement with Mexico and Canada, but the US is ready for discussion.
Trump Won't Renew US-Mexico-Canada Trade Pact
NBC News reports: Six years to the day after the US-Mexico-Canada Agreement on trade entered into force, the Trump administration announced Wednesday that it plans to pull the plug on a deal widely viewed as a successful and stabilizing force across North America’s three largest economies. Instead of renewing the deal, a senior Trump administration official told reporters the United States will begin of a decade of negotiations on amendments to …
(Washington = Yonhap News) Correspondent Lee Yu-mi = The U.S. Donald Trump administration announced on the 1st (local time) that it would not extend the U.S.-Mexico-Canada Trade Agreement (USMCA) as is...
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