Stephen Moore, co‑founder of Unleash Prosperity, commented on the stalled USMCA renegotiation during an appearance on ‘The Bottom Line,’ noting Canada’s focus on tariff relief.
President Donald has chosen not to extend the USMCA, opting instead to negotiate separate trade agreements with Canada and Mexico, according to FOX Business.
Wednesday was the deadline for the six‑year review, and a Trump administration official informed FOX Business that the president had decided against extending the U.S.-Mexico-Canada Agreement (USMCA).
The official said Trump intends to pursue separate agreements with Canada and Mexico, each potentially lasting up to ten years.
Because the USMCA remains in force through 2036, it will continue unchanged unless the parties agree to modifications during the current negotiations with the United States’ two biggest trading partners.
According to the U.S. International Trade Commission, in 2024 Canada and Mexico were the top two destinations for U.S. exports, with Mexico leading as the largest source of U.S. imports and Canada coming in third.
Trump negotiated the USMCA during his first term as a replacement for NAFTA; the pact was signed in December 2019 and entered into force on July 1, 2020.
Since returning to the White House, Trump has pushed to renegotiate the USMCA, imposing 25 % tariffs on Canada and Mexico last year. Those measures triggered talks on the tariffs and other concerns he raised about the trilateral trade framework, creating uncertainty about the pact’s outlook.
This story is developing; check back for further updates.
