{"id":3456,"date":"2026-07-01T18:41:49","date_gmt":"2026-07-01T18:41:49","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=3456"},"modified":"2026-07-01T18:41:49","modified_gmt":"2026-07-01T18:41:49","slug":"us-declines-to-extend-north-american-trade-deal-starting-clock-to-end-it-while-seeking-changes","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=3456","title":{"rendered":"US declines to extend North American trade deal, starting clock to end it while seeking changes"},"content":{"rendered":"<div>\n<div>\n<div>\n<ul>\n<li>Summary<\/li>\n<\/ul>\n<\/div>\n<div><\/div>\n<\/div>\n<div>WASHINGTON, July 1 (Reuters) &#8211; The Trump administration declined on \u200cWednesday to extend the U.S. trade agreement with Mexico and Canada, starting a decade-long clock to wind down the North American trade deal as it seeks changes to try to reshore manufacturing jobs.<\/div>\n<div>The decision, revealed after a six-year review of the U.S.-Mexico-Canada Agreement, keeps the agreement in place for another \u200b10 years with annual reviews before it expires, unless the three countries agree to renew it with changes.<\/div>\n<div>&#8220;The United \u200bStates did not agree to renew the USMCA in its current form,&#8221; U.S. Trade Representative Jamieson Greer \u2060said in a statement. &#8220;As a result, the USMCA is not renewed. The United States will continue to engage with Mexico and \u200bCanada to address the agreement&#8217;s shortcomings and our trade deficits with these countries.&#8221;<\/div>\n<div>Greer said the U.S. will proceed with a USMCA \u200bbilateral negotiating round scheduled with Mexico during the week of July 20. A senior administration official said that the talks in Mexico City would focus on strengthening North American rules of origin for autos and other industrial goods and economic security to keep other countries from benefiting from USMCA access.<\/div>\n<div>Dominic \u200bLeBlanc, the Canadian minister responsible for U.S.-Canada trade, said in a statement that USMCA remains &#8220;fully in force&#8221; until 2036 and can \u200bbe renewed at any time for another 16-year period.<\/div>\n<div>LeBlanc, who participated in a virtual meeting with Greer and Mexican Economy Minister Marcelo Ebrard, added \u200cthat \u2060Canada would continue to work to address President Donald Trump&#8217;s tariffs on Canadian steel, aluminum, autos and lumber.<\/div>\n<div>&#8220;We agreed on the importance of continuing our discussions and identifying ways to ensure trade and investment frameworks between Canada, the United States and Mexico continue to support North American prosperity and competitiveness.&#8221;<\/div>\n<div>The U.S. decision was widely expected, as Greer said that more time was needed to address problems with \u200bUSMCA, including persistent and growing \u200bU.S. trade deficits with Canada \u2060and Mexico.<\/div>\n<div>Mexican President Claudia Sheinbaum said on Wednesday before the U.S. decision was announced that an extension could happen any time that the three countries reach agreement over the next decade.<\/div>\n<div>&#8220;Today is not a \u200bdeadline,&#8221; Sheinbaum said in her daily press conference in Mexico City. &#8220;If in five months or three \u200byears the parties \u2060say, &#8216;We can extend it for another 16 years,&#8217; it can be extended.&#8221;<\/div>\n<div>&#8220;The joint work continues \u2014 it&#8217;s not as if everything ends today,&#8221; she added.<\/div>\n<div>Trump, who has imposed tariffs of 25% on Mexican and Canadian autos, 50% on metals, and 10% on lumber, has repeatedly said he \u2060does not \u200bwant to extend USMCA, which he launched in 2020 as &#8220;the best agreement we&#8217;ve \u200bever made.&#8221;<\/div>\n<div>In two rounds of negotiations with Mexico, Trump&#8217;s administration has demanded that North American-built vehicles contain 50% U.S. content, pushing the regional total to 82%.<\/div>\n<\/div>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=3454\">S&amp;P 500, Dow rise after Warsh says inflation risks have eased<\/a><\/p>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=3453\">Trump, Republicans to stage convention in Dallas ahead of midterms<\/a><\/p>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=3451\">Democratic socialist Melat Kiros defeats incumbent Diana DeGette in Colorado House primary<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Trump administration declined on \u200cWednesday to extend the U.S. trade agreement with Mexico and Canada, starting a decade-long clock to wind down the North American trade deal as it seeks changes to try to reshore manufacturing jobs.<\/p>\n","protected":false},"author":1,"featured_media":3455,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[56],"class_list":["post-3456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-worker-rights"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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