Trump Decides Against Renewing USMCA, Will Pursue Separate Bilateral Deals With Canada and Mexico
- The Trump administration has decided not to renew the United States-Mexico-Canada Agreement and will instead seek separate bilateral trade pacts with each neighbor, the BBC and Fox Business reported, confirming initial signs of the shift.
- Trump has publicly 'cooled' on the trilateral pact he himself negotiated, according to a Yahoo Finance analysis, injecting fresh uncertainty just as the six-year review deadline lapsed on July 1.
- Markets read the move as a more confrontational posture than a simple renegotiation, raising the prospect of tariff brinkmanship with two of America's largest trading partners in the second half of 2026.