Trump threatens to end USMCA trade deal with Canada and Mexico
US President Donald Trump said Wednesday the United States might not renew the USMCA free trade agreement with Canada and Mexico, criticizing trade deficits. The pact requires approval by July 1 or a 10-year exit process. Trump stated at the White House, 'I'm not looking to renew it,' adding that the US does not need Canadian or Mexican goods but they need US products. The US Trade Representative's Office announced a second round of US-Mexico negotiations in Washington on June 16-17, focusing on agriculture and fair competition, with a third round in Mexico City the week of July 20. Canada's minister Dominic LeBlanc reported a positive meeting with the US on the review but no date for formal talks has been set.
Key facts
- Trump said US might not renew USMCA trade deal with Canada and Mexico
- Renewal must be approved by July 1 or a 10-year exit process begins
- Trump criticized trade deficits with both countries
- Second round of US-Mexico negotiations in Washington June 16-17
- Third round of US-Mexico talks in Mexico City week of July 20
- Canada had positive meeting with US on review but no formal negotiation date set
- Mexico's Economy Secretary Marcelo Ebrard spoke at a forum in Mexico City in May
- Canada's minister Dominic LeBlanc is responsible for Canada-US trade
Entities
Institutions
- White House
- US Trade Representative's Office
Locations
- United States
- Canada
- Mexico
- Washington
- Mexico City