
USMCA Renewal Delayed as US Shifts to Annual Reviews
The US has passed on a full USMCA renewal, choosing yearly reviews instead. Here is what that means for trade with Canada and Mexico, and what officials are negotiating next.

The US has passed on a full USMCA renewal, choosing yearly reviews instead. Here is what that means for trade with Canada and Mexico, and what officials are negotiating next.

The United States will not renew the USMCA trade agreement with Mexico and Canada in its current form, according to a statement issued July 1 by US trade representative Jamieson…

The US will not renew the USMCA in its current form, shifting the pact to annual reviews and stirring fresh uncertainty for supply chains across North America.

The U.S. is expected to decline extending USMCA on Wednesday, starting a decade long review process that could reshape auto trade rules and North America's tariff landscape.