North America

The US will not renew its trade agreement with Canada and Mexico. It will remain in force, subject to annual reviews

Today was the deadline for the three business partners to decide whether to renew the agreement for a further 16 years. A ten-year deadline has been set for 2036

1 July 2026aggiornato alle 21:51

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Le bandiere di Messico, Canada e Stati Uniti,. REUTERS/Rebecca Cook/Foto d'archivio REUTERS

2' min read

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Versione italiana

Key points

Greer: We will not renew the trade agreement with Canada and Mexico in its current form
Mexico: there are no insurmountable differences

2' min read

Translated by AI

Versione italiana

The Trump administration has decided not to renew the trilateral trade agreement with Canada and Mexico, opting instead for annual reviews of the treaty that President Donald Trump described as “the best deal we’ve ever struck” in 2020 following the agreement’s final signing,

The widely anticipated decision on the United States–Mexico–Canada Agreement (USMCA) was announced today, the day on which the deadline expired for the three North American trading partners to decide whether to renew the agreement for a further 16 years.

This means that the USMCA will remain in force for another decade, provided that no member attempts to withdraw.

However, also triggers annual reviews which could lead to the renegotiation of significant parts of the treaty.

Trump “has chosen not to automatically approve the renewal of the USMCA without addressing the outstanding issues”, a senior administration official told reporters during a teleconference in which he announced the decision.

“In other words, the United States has not agreed to renew the USMCA in its current form. Therefore, the USMCA has not been renewed,” the official concluded.

Greer: We will not renew the agreement in its current form

“The United States has not agreed to renew the USMCA in its current form”. US Trade Representative Jamieson Greer announced that the Trump administration will not renew the trade agreement with Mexico and Canada, opting instead for an annual review of the deal. “The United States will continue to engage with Mexico and Canada to address the shortcomings of the agreement and our trade deficits with these countries,” continues the statement released by Greer following a video conference meeting with his Mexican and Canadian counterparts.

The Trade Representative finally noted that, despite the US’s refusal to renew it, the agreement will remain in force “until these issues are resolved or the agreement expires”.

The US’s refusal to accept the renewal of the USMCA has triggered the clause that will lead to the agreement’s expiry in 10 years’ time, on 1 July 2036 , unless it is renegotiated.

Mexico: there are no insurmountable differences

Mexico does not see any “insurmountable” differences regarding the North American trade agreement, which the United States has decided not to renew. This was stated by the Mexican Minister for the Economy, Marcelo Ebrad, at a press conference, explaining that Washington’s outstanding complaints regarding the agreement have fallen from 54 in 2025 to 14.

In this regard, Greer also announced that the United States will meet with Mexico in the week of 20 July for a third round of negotiations. “The United States will continue to engage with Mexico and Canada to address the shortcomings of the agreement and our trade deficits with these countries,” the official added.

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