U.S. Rejects 16-Year USMCA Renewal, Imposes Annual Reviews Until 2036

1 articles · Updated · Fox News · Jul 16

July 1 marked a break in North American trade policy as Washington refused to renew USMCA in its current form, replacing the sought-after 16-year extension with annual reviews through 2036.
The administration tied that stance to Canada’s northern border vulnerabilities and protected markets, citing people from 78 nations caught crossing, watchlist arrests nearly every week and fentanyl seizures it said could kill 17 million Americans.
Trade grievances also featured heavily: Canada’s dairy tariffs can exceed 200%, while foreign-ownership limits shield its major telecom carriers and aviation market from meaningful U.S. competition.
About $900 billion in annual U.S.-Canada trade is now subject to greater uncertainty as Washington signals future trade stability will depend on tougher Canadian border enforcement and broader market access.