WATCH: Trump says he's 'not looking to renew' U.S. trade deal with Canada and Mexico
Summary
President Donald Trump said he does not want to renew the United States-Mexico-Canada Agreement (USMCA), a trade deal between the three countries. The agreement requires a decision by July 1 to avoid annual reviews and possible expiration in 2036.Key Facts
- President Trump stated he is "not looking to renew" the USMCA trade deal.
- The USMCA replaced an earlier North American trade agreement.
- Without renewal by July 1, the USMCA will face yearly reviews.
- The agreement could expire in 2036 if no updates are made.
- Canada plans to match U.S. tariff exemptions under the USMCA.
- President Trump originally helped negotiate the USMCA.
- The announcement was made during a conversation with reporters.
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