Topic
renewal
Trade 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.
Trade USMCA enters uncertain future after U.S. rejects automatic renewal
The Trump administration has declined to renew the United States-Mexico-Canada Agreement (USMCA) in its current form, triggering annual reviews until issues are resolved or the pact expires in 2036. Despite record North American trade of $1.58 trillion in 2025, the U.S. seeks changes. Bilateral negotiations with Mexico resume in July.
Business Ola Group renews five-year lease for 4.27 lakh sq ft Bangalore office
Ola Electric and ANI Technologies, part of the Ola Group, have renewed leases for 4.27 lakh sq ft of office space at Prestige RMZ Star Tech in Bengaluru's Koramangala. The five-year agreements, registered in May 2026, carry a combined monthly rent of ₹4.42 crore with a 15% escalation after three years, reflecting stable commercial rentals in the area.
Trade Mexico Holds Top US Trade Spot as Trump Raises Doubts on Renewing USMCA
Mexico held its position as the top U.S. trading partner in April with $86.04 billion in two-way trade, a 23.4% increase year-over-year, extending a streak since 2023. President Donald Trump raised doubts about renewing the USMCA, stating he is not looking to renew it. USMCA negotiations continue with a second round of talks scheduled in Washington.