The agreement remains in place for 10 years but will not be automatically renewed once it expires.

Officials from the US, Mexico, and Canada will meet on Wednesday to review the trade agreement after Trump said he does not want to extend.

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

USMCA came into effect on July 1, 2020, and is slated to expire after 16 years.

Trump previously said that he was leaning against renewing the deal in order to continue separate trade talks with both Canada and Mexico.