US to Exit USMCA, Triggering Decade-Long Trade Pact Wind-Down

So, on Wednesday, the Trump administration is likely going to announce that they won’t be extending the US-Mexico-Canada Agreement, or USMCA. This move would kick off a six-year review due to the agreement's sunset clause and set in motion a ten-year process to end the 32-year-old North American free-trade zone. Leaders in trade from all three countries will meet online to talk about a possible 16-year extension, but the US is expected to say no. Although US Trade Representative Jamieson Greer hasn’t officially commented, he has set up a third round of talks with Mexico for the week of July 20, suggesting they’re still discussing changes. Greta Peisch, a former USTR general counsel, believes the US probably won’t push for an extension, creating some uncertainty about their public stance.