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News in English (USA) / 02.07.2026 / 19:00

US Declines to Renew USMCA Trade Deal, Raising Concerns for North American Economy

In a surprising turn of events, the United States has decided not to renew the USMCA trade agreement with Canada and Mexico, marking a significant shift in diplomatic and economic relations. Former President Trump, once a proponent of the deal, has now expressed disdain for it, leading to uncertainty in the automotive and agricultural sectors. As the expiration countdown begins, industry leaders voice concerns over potential job losses and price hikes. Negotiations are expected to follow as the three nations seek a new path forward, but the fate of the $2 trillion trade pact hangs in the balance amid rising tensions and calls for stricter trade rules from various stakeholders.
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