Washington declined to renew the USMCA on its sixth anniversary, opening a decade of annual reviews. Why it splits Mexico from Canada — and reshapes Latin A
Rio Times · Analysis
Key Facts
—What happened On 1 July 2026 the US declined to renew the USMCA in its current form at its mandatory six-year review.
—Still alive The pact stays fully in force; the 16-year extension is deferred, not lost, and it now faces annual reviews until 2036.
—The market The USMCA covers a North American market worth about US$1.8 trillion a year.
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