US declaration to exit USMCA to start a decade-long countdown for the pact [View all]

https://www.reuters.com/world/americas/us-declaration-exit-usmca-start-decade-long-countdown-pact-2026-06-30/

US declaration to exit USMCA to start a decade-long countdown for the pact
By David Lawder
June 30, 20265:07 AM CDT

WASHINGTON, June 30 (Reuters) - U.S. President Donald Trump's administration is expected to ​formally declare on Wednesday that it will not extend the U.S.-Mexico-Canada Agreement on trade, starting a decade-long clock to wind down the 32-year-old ‌North American free trade zone as the three countries haggle over proposed changes.

That declaration will kick off a six-year review session, part of a "sunset clause" negotiated by President Donald Trump's first administration. However, it will do little to alter contentious negotiations over the pact's future, including sweeping demands to boost U.S. and regional content in North American automotive production and trade protections to block ​Chinese goods from benefiting from USMCA.

Trade chiefs from the U.S., Mexico and Canada are expected to meet virtually on Wednesday and declare whether they ​want to extend the pact for another 16 years. U.S. Trade Representative Jamieson Greer has already scheduled a third round of ⁠negotiations with Mexico for the week of July 20, signaling his intent to keep pushing for changes.

"We expect July 1st to come and go, and for the ​United States to not confirm its wish to extend," said Greta Peisch, a former USTR general counsel who is now a trade partner at Wiley Rein in Washington.

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