The USMCA's first mandatory six-year review begins July 1, 2026. Here's what a possible non-extension means for trade, autos, and North American markets.

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.