Free Trade Agreements #trade#north america
US Declines Long-Term Renewal of USMCA, Triggering Ten-Year Countdown to Expiration
The United States has declined to renew the USMCA in its current form, blocking an automatic 16-year extension. The decision triggers a 10-year countdown toward the deal expiring as early as 2036, with annual reviews replacing the long-term commitment. Business groups are divided, with the US Chamber of Commerce warning of uncertainty while steel industry associations welcome the leverage from annual reviews.
Jul 8, 2026 1 source