Trump said he will not renew the USMCA trade pact with Mexico and Canada before a July deadline, opening an uncertain new phase for the region.
Mexico · Markets
Key Facts
—What he said. Trump said he is “not looking to renew” the North American trade pact before a July deadline.
—The scale. The deal governs roughly $2 trillion in trade among the three countries each year.
—Not the end. Non-renewal does not kill the pact; it triggers yearly reviews while the deal stays in force.
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The future of the USMCA pact hinges on negotiations over the coming months.
Without a commitment by July 1, the trade deal would face annual reviews of its status and possibly expire in 2036.
The US president said that he has the right to terminate this agreement
