The USMCA trade agreement faces its first mandatory six-year review in July 2026, with $1.8 trillion in trilateral trade and cross-border supply chains at

US President Donald Trump has warned he would 'rather not have' the free trade agreement ahead of its July 1 review.

The US has listed major trade grievances against Canada ahead of the USMCA review deadline on July 1, 2026, covering dairy, digital taxes, and auto rules.

While the agreement may survive at the end of negotiations, years of uncertainty, tariffs, and prolonged talks could reshape North American trade.