December 22, 2025 — Canada and the U.S. are poised to enter formal trade talks in 2026 as the U.S., Mexico, and Canada Agreement (USMCA) reaches its first review period.
The administration of U.S. President Donald Trump established the USMCA in 2018, replacing the longstanding North American Free Trade Agreement (NAFTA). When it was established, the USMCA included a clause to potentially renegotiate the deal in 2026, and Canadian Prime Minister Mark Carney has now told Canadian provincial leaders that Minister of Internal Trade Dominic LeBlanc will meet with officials in the U.S. in mid-January to launch those discussions, the Associated Press reported.