June 30, 2026 — Multiple media reports indicate that the administration of U.S. President Donald Trump will decline to extend the United States-Mexico-Canada (USMCA) agreement, triggering a process that could see it leave the trade deal in a decade barring a new decision.
The USMCA was set in motion in 2018 as the previous trade agreement for the three countries – the North American Free Trade Agreement (NAFTA) – was replaced under the prior Trump administration after two decades of use. The revised version of the agreement initially included just Mexico but later confirmed the participation of Canada and formed the USMCA, which came into force on 1 July 2020.