President Donald Trump declared on June 11 that the US should not renew the US-Mexico-Canada Agreement, the trilateral trade pact that replaced NAFTA and governs roughly $2 trillion in annual trade among the three North American economies.
The statement lands less than three weeks before the July 1, 2026 review deadline, a date baked into the agreement when it first took effect in 2020.
What Trump actually said, and what it means
During remarks on June 11, Trump said he is “not looking to renew” the USMCA. He argued that the US has little need for Canadian or Mexican goods and that the country would perform better independently.
Non-renewal doesn’t mean the agreement vanishes overnight. The USMCA was designed with a six-year review cycle, and if the parties don’t formally renew it by the deadline, the pact shifts into a series of annual reviews that can stretch for up to a decade. Even if Trump refuses to sign off on renewal, the agreement could technically limp along until 2036 before actually expiring.
