The Trump administration rejected a long-term USMCA renewal, shifting $1.6 trillion in annual North American trade to annual reviews through 2036.

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

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.