The United States has formally declined to extend the USMCA, the trade agreement governing commerce between the US, Canada, and Mexico. Instead of renewing the pact for another 16 years, the Trump administration will pursue a process involving annual reviews and potential renegotiations.
What actually happened
The USMCA, which replaced NAFTA and took effect on July 1, 2020, includes a built-in 16-year term with a mandatory joint review scheduled for July 1, 2026. That review is the mechanism by which the three countries can agree to extend the deal for another 16 years. The US has chosen not to do that.
President Trump announced on June 10 that he is “not looking to renew” the agreement, though he left the door open for discussions. USTR Jamieson Greer has echoed the position, stating that the US will not renew the deal outright but will negotiate with each country separately.
Both Canada and Mexico had formally requested a full extension. Mexican President Claudia Sheinbaum and Canadian officials pushed to lock in another 16 years of stability. Washington said no.
