USMCA Misses July 1 Renewal Deadline as Trump Seeks $2 Trillion Deal Overhaul
Updated
Updated · Arab News · Jul 11
USMCA Misses July 1 Renewal Deadline as Trump Seeks $2 Trillion Deal Overhaul
3 articles · Updated · Arab News · Jul 11
Summary
July 1 passed without a USMCA renewal, leaving the $2 trillion North American trade pact in limbo rather than extending it largely unchanged for another 16 years.
Trump’s team is pushing structural revisions aimed at China risk, including tighter rules of origin, closer external-tariff alignment, stronger investment screening and export controls, and deeper security cooperation.
Jamieson Greer has floated side letters or even separate U.S. arrangements with Canada and Mexico, since Trump has not sought Trade Promotion Authority from Congress to rewrite the pact directly.
Weeks or months of further talks could force Canadian and Mexican concessions, but annual reviews, a shift toward bilateral deals, or even early withdrawal remain possible and would cloud North American investment.
July 23 is the next pressure point: Trump’s global 10% tariff is due to expire, while Section 301 probes could trigger broader new tariffs that further complicate the USMCA talks.