Trump Questions Future of USMCA as Farm Groups Push for Renewal
Trump said the pact should be left to lapse, setting up prolonged talks over vehicle tariffs and other trade terms.
- On Wednesday, President Donald Trump told reporters at the White House he does not intend to renew the U.S.-Mexico-Canada Agreement , claiming the U.S. "does much better" without the pact.
- The pact replaced the North American Free Trade Agreement in 2018 and now faces a July 1 milestone to extend for another 16 years; without extension, it enters rolling annual reviews for up to a decade.
- Fuel markets expert Patrick De Haan warned that ending the agreement could impact Midwest refineries reliant on Canadian crude oil, with potential cost increases for motorists emerging over time.
- United Auto Workers members reached a deal with Dauch Corp. to end a strike at an American Axle plant in Three Rivers, Michigan, securing a four-year contract with a 36% wage boost.
- Trade talks between the U.S. and Mexico are scheduled in Washington next week, though it remains unclear if the Trump administration will reconsider the agreement; Canada's Minister for U.S. Trade Dominic LeBlanc has requested a 16-year extension.
12 Articles
12 Articles
What Happens If Trump Doesn’t Renew CUSMA
News Analysis U.S. President Donald Trump said this week he may not renew the trade deal with Canada and Mexico, adding uncertainty to already slow-moving trade talks with Ottawa. Trump, however, did not use the word “withdraw” when discussing his intentions for the Canada-United States-Mexico Agreement (CUSMA) on free trade. This distinction is significant, as there are markedly different implications between choosing not to renew the agreement…
The Center Square
Trump floats USMCA exit; Midwest motorists, refineries could see hardship
(The Center Square) – President Donald Trump signaled he doesn’t intend to renew a trade agreement with Mexico and Canada, which could have major impacts on the nation’s economy, including
Trump Questions Future of USMCA as Farm Groups Push for Renewal
(NAFB.com) – President Donald Trump says he is not looking to renew the U.S.-Mexico-Canada Agreement, raising concerns among farm groups that rely on trade with the nation’s two largest agricultural export markets. Bloomberg said Trump criticized trade deficits with Canada and Mexico and suggested the U.S. does not need goods from either country. Under the agreement, the three nations must approve a renewal by July 1 or begin a lengthy review pr…
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