Trump says may not renew North America trade pact
President Donald Trump has said that he is not seeking a straightforward renewal of the United States' free trade pact with Mexico and Canada, setting the stage for lengthy negotiations in the coming months.
His comments came as parties to the United States-Mexico-Canada Agreement (USMCA) have until July 1 to indicate if they want to extend its terms for another 16 years.
Without a renewal, and unless one party withdraws entirely, the deal will continue to be in effect, subject to rolling annual reviews until 2036.
"I'm not looking to renew it," Trump told reporters on June 10 when asked about the July review date.
