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US Decides Against Renewing USMCA, Shifting to Rolling Talks
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July 1, 2026
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3:04Now PlayingThe US decided against renewing its trade deal with Canada and Mexico, US Trade Representative Jamieson Greer said, choosing instead to conduct annual reviews of the pact in a move that risks adding uncertainty for companies producing goods across North America.
The US-Mexico-Canada Agreement, or USMCA, will remain in force for another a decade provided no one country decides to exit. Annual reviews instead of a longer-term renewal open the door to years of contentious negotiations. Bloomberg National Security Reporter Nick Wadhams says this change is because Trump wants to change the deal.
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