Asked on June 10, 2026 about the coming review of the United States-Mexico-Canada Agreement (USMCA, known as CUSMA in Canada), President Trump said, “I'm not looking to renew it.” He added, “We don't need anything that Canada has. We don't need anything that Mexico has, but they need everything that we have.”
Under the deal's terms, all three countries had to say by July 1 whether they wanted to renew the agreement for 16 years or move to annual reviews. Canada had said it wanted to renew, and the U.S. and Mexico reported progress in their bilateral talks. The USMCA has shielded a large share of Canadian goods from U.S. import tariffs.
Trump, who hailed the pact as a “colossal victory” for American workers when he announced it in 2020 and at its Rose Garden signing called it “the largest, fairest, most balanced, and modern trade agreement ever achieved,” praised it on June 10 for one thing: “It gave the right to terminate.” He again attacked its predecessor: “NAFTA was the worst trade deal I've ever seen. I made it better, but I had the right to terminate. And with NAFTA, we didn't have the right to terminate.” The comments added fresh uncertainty for two of the closest U.S. allies and trading partners (see Trump Revives His '51st State' Taunt at Canada After It Slips Into a Technical Recession).
Update (October 2, 2026): On July 1, U.S. Trade Representative Jamieson Greer told Canada and Mexico that the United States would not extend the USMCA for another 16-year term. The decision does not end the pact immediately; it starts a decade of annual reviews, and the agreement expires in 2036 unless the parties agree otherwise. Administration officials, briefing reporters anonymously, said many parts of the deal had been “superseded” by Trump's tariffs.
Correction (October 2, 2026): This entry said Trump once called the pact “the best trade deal in the world.” Our source attributed that description to leaders on both sides of the border, not to Trump. The entry now quotes Trump's own 2020 praise for the deal as reported by USA Today, and drops an unsourced statement that letting the deal lapse would expose Canadian goods to tariffs.