U.S. not renewing trade agreement with Canada and Mexico

The United States Trade Representative Jamieson Greer says the U.S. is not renewing the Canada-U.S.-Mexico Agreement “in its current form” — but the trade agreement will remain in place as negotiations continue.

“The United States will continue to engage with Mexico and Canada to address the Agreement’s shortcomings and our trade deficits with these countries,” Greer said in a statement Wednesday.

This decision triggers a rolling annual review for up to a decade, at which point it will expire if an extension isn’t agreed upon.

Officials from all three countries had a virtual meeting earlier Wednesday to discuss the trade pact’s future. It was the deadline for all three partners in the pact, better known as CUSMA, to indicate whether they wanted the deal renewed.

Canada and Mexico had previously said they were looking for a 16-year extension.

The trade agreement has shielded Canada and Mexico from many of U.S. President Donald Trump’s tariffs.

CUSMA was negotiated during the first Trump administration to replace the North American Free Trade Agreement. The sometimes tumultuous negotiations served as an early test of Ottawa’s approach to the Trump administration but ultimately all three countries hailed the agreement as a success.

But President Donald Trump has continued to cast doubt on CUSMA’s future since his return to the White House and his embrace of a sweeping tariff campaign. He has called the agreement “irrelevant” and has said it may have served its purpose.

CUSMA remains in place unless one of the partner countries gives six months’ notice that it is pulling out.

Trade negotiations between Mexico and the United States have launched but Ottawa and Washington have not started official talks yet.

Prime Minister Mark Carney said Tuesday he didn’t expect “drama” during this week’s meeting on CUSMA’s future.

This report by The Canadian Press was first published July 1, 2026.