Trump casts doubt on USMCA renewal before July 1 review deadline
What's next: Without a renewal commitment by July 1, the North American trade pact would face annual reviews and could lapse in 2036.
President Donald Trump said he is not seeking to renew the United States-Mexico-Canada Agreement, raising fresh uncertainty over the trade framework that governs commerce across North America. Trump told reporters the pact, which he negotiated to replace the region’s earlier trade deal, has not delivered the results he wanted. He pointed to U.S. trade deficits with Canada and Mexico and argued the United States does not need key imports from either country, including cars, lumber and energy. Under the agreement, a decision point looms on July 1; without a commitment to extend it, the deal would move into yearly reviews and could expire in 2036.