CNBC July 01, 2026 • 16:54

U.S. won’t renew USMCA, opening door for negotiations with Canada and Mexico - CNBC

By Kevin Breuninger

U.S. won’t renew USMCA, opening door for negotiations with Canada and Mexico - CNBC

President Donald Trump's "primary" issue with USMCA centers on America's trade deficits with Canada and Mexico, a senior administration official said.

The Trump administration has decided not to renew its trilateral trade pact with Canada and Mexico, instead opting to conduct annual reviews of the treaty that President Donald Trump once called "the… [+2596 chars]

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