President Trump announced the US will not renew the USMCA trade agreement, undermining the last pillar of stability in North American trade relations. The deal covers over $1.3 trillion in annual trade.
Canada has formally requested a 16-year renewal of the USMCA free trade agreement, seeking long-term certainty for North American commerce. The move reflects Canada commitment to stable trade relations and confidence in North American economic integration. Analysts expect renewal negotiations to cover automotive, agriculture, and digital trade.