USTR Greer: USMCA is shifting to rolling talks, no renewal; The key to USMCA talks is fixing up trade deficits
There has been no direct talks on auto specifics with Canada yet - US is doing an analysis on US content in USMCA trade **Follow-up: US White House Official: Trump has decided not to renew USMCA; Will seek individual pacts; US pacts with Canada and Mexico would last ten years - Fox Business **INSIGHT: The trilateral trade agreement mandates a mandatory six-year joint review by July 1, 2026, where all three nations must explicitly agree in writing to extend the deal for another 16 years (through 2042). If they fail to agree, the treaty doesn't immediately end, but it will expire in 2036 unless a consensus is reached.
There has been no direct talks on auto specifics with Canada yet - US is doing an analysis on US content in USMCA trade **Follow-up: US White House Official: Trump has decided not to renew USMCA; Will seek individual pacts; US pacts with Canada and Mexico would last ten years - Fox Business **INSIGHT: The trilateral trade agreement mandates a mandatory six-year joint review by July 1, 2026, where all three nations must explicitly agree in writing to extend the deal for another 16 years (through 2042).
If they fail to agree, the treaty doesn't immediately end, but it will expire in 2036 unless a consensus is reached.