Trump Administration Declines to Extend USMCA Trade Deal, Seeks Changes

The Trump administration announced on July 1, 2026, its decision not to extend the U.S.-Mexico-Canada Agreement (USMCA) in its current form. This move initiates a decade-long process to potentially wind down the trade deal, as the US seeks changes to reshore manufacturing jobs and reduce trade deficits. The decision, made after a six-year review, keeps the agreement in place for another 10 years with annual reviews, unless the three countries agree to renew it with modifications.