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CNBC

U.S. won’t renew USMCA, opening door for negotiations with Canada and Mexico

Wednesday, July 1, 2026


President Donald Trump said the U.S. will not renew USMCA, the trade agreement between the United States, Canada, and Mexico that took effect in 2020. An administration official stated that the administration's primary concern is the U.S. trade deficit with Canada and Mexico. The decision opens the possibility for renegotiation of the agreement.

Original reporting: https://www.cnbc.com/2026/07/01/trump-usmca-canada-mexico-trade-treaty.html

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