U.S. declines to extend CUSMA trade deal with Canada, Mexico
The decision starts annual reviews that could keep the pact in force until 2036, while Washington presses for changes to trade deficits and market access.
- 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.
300 Articles
300 Articles
How Trump is ending North America as we know it: Nobel economist
For many years, North Atlantic Treaty Organization (NATO) member Canada was among the United States' closest economic partners. But major tensions between the U.S. and Canada have emerged during President Donald Trump's second term. And liberal economist Paul Krugman, in his Substack column, argues that Trump is doing everything he can to undermine the traditional North American economic alliance: the U.S., Canada and Mexico."In what would be ma…
DECRYPTAGE - The U.S. President refused to extend the agreement between Canada, the U.S. and Mexico for 16 years. A period of uncertainty is opening up which worries the Mexican industry very dependent on its American neighbour.
Trump’s USMCA threat raises uncertainty for North American supply chains
Trump’s threat to walk away from the US-Mexico-Canada Agreement is less an immediate rupture than a new source of negotiating risk for companies built around North American trade. The agreement, known as USMCA, supports roughly $2 trillion in annual trade among the United States, Mexico and Canada. It also underpins duty-free supply chains in sectors such as autos, where parts can move across borders several times before a finished vehicle is co…
Mexico and Canada look for new solutions as US officials decline USMCA renewal
As trade officials from the United States declined to renew the United States-Mexico-Canada Agreement (USMCA) officials from Canada and Mexico are poised to react as the deal, worth nearly $2tn a year, sees an uncertain future.
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