The US declined to renew the USMCA trade deal with Canada and Mexico, triggering annual reviews for the $1.6 trillion pact that expires in 2036.

Donald Trump has decided against a clean extension of the U.S.-Mexico-Canada Agreement (USMCA). He's treading in dangerous waters.

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