The United States has chosen not to renew its trade agreement with Canada and Mexico, senior administration officials confirmed on July 1.
“In accordance with the Agreement, the United States, Mexico, and Canada met virtually today to discuss the operation of the USMCA. The United States did not agree to renew the USMCA in its current form,” the U.S. Trade Representative’s Office said in a statement.
“As a result, the USMCA is not renewed.”
July 1 marked a pivotal date for the United States‑Mexico‑Canada Agreement. Under the pact’s six‑year joint review, negotiators must decide whether to extend the deal through 2042 or decline to do so—a move that would automatically reopen the agreement and trigger a fresh round of negotiations each year for the next decade….