U.S. won’t renew USMCA, opening door for negotiations with Canada and Mexico

The Trump administration has decided not to renew its trilateral trade pact with Canada and Mexico, instead opting to conduct annual reviews of the treaty that President Donald Trump once called "the best agreement we've ever made."

The widely anticipated decision on the United States-Mexico-Canada Agreement, known as USMCA, was revealed Wednesday, the deadline for the three North American trade partners to determine whether they would renew their agreement for another 16-year term. A senior administration official announced the decision in a call with reporters on Wednesday.

The decision means the USMCA will stay in effect for another decade, provided no member tries to withdraw from it. But it also triggers yearly reviews that could result in the renegotiation of major parts of the treaty.

"The most likely outcome is that the negotiations continue," with the U.S. pressing for changes and Canada and Mexico "pushing back" to try to maintain the status quo, Patrick Childress, a former assistant general counsel at the Office of the U.S. Trade Representative who was the USTR's lead lawyer for USMCA implementation, told CNBC.

The USMCA was negotiated during Trump's first term to re

Fuente original: CNBC Top News (https://www.cnbc.com/2026/07/01/trump-usmca-canada-mexico-trade-treaty.html)