Trump Throws USMCA Into Doubt
The United States declined to extend the North American trade pact Trump once celebrated, starting a decade-long countdown that leaves Canada, Mexico and American industry facing years of uncertainty.
Canada Day arrived with a jolt from Washington. Reuters reported that the Trump administration chose not to extend the U.S.-Mexico-Canada Agreement during its mandatory review, keeping the pact alive for now but starting a 10-year wind-down unless the three countries agree on changes. The decision turns a trade deal built for certainty into another front in Trump’s wider tariff and security campaign.
The move matters because North American supply chains are built across borders, especially in autos, energy, agriculture and manufacturing. The Guardian reported that Trump’s government will not “rubber stamp” renewal, while Canadian and Mexican officials signalled they still want the agreement preserved. For businesses, that means the rules remain in place today — but investment decisions now carry a new political risk premium.
