US President Donald Trump's administration was expected to formally declare that it will not extend the US-Mexico-Canada Agreement on trade, starting a decadel

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

The US has triggered a decade-long process to potentially exit the USMCA trade agreement, with a critical joint review set for July 2026.

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