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Here’s Why President Trump Says He’s ‘Not Looking To Renew’ USMCA Trade Deal


After negotiating an America-first trade agreement with Mexico and Canada during his first term, President Donald Trump is taking a fresh look at the geopolitical landscape as it currently exists.

And that could mean an end to the US-Mexico-Canada Agreement, or USMCA, as he explained this week.

Here’s what The Hill reported:

President Trump on Wednesday said he may not renew the free trade agreement between the U.S., Canada and Mexico six years after he implemented it in his first term to replace the North American Free Trade Agreement (NAFTA).

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“Well, I’m not looking to renew it,” Trump told reporters in regard to the United States-Mexico-Canada Agreement (USMCA).

“I made the deal and the primary reason I made the deal is that NAFTA was the worst trade deal I’ve ever seen. Yeah. And I made it better. But I had the right to terminate,” Trump said on Wednesday. 

Canada has urged both Mexico and the United States to renew the agreement for another 16 years before July 1.

The USMCA is set to automatically expire on July 1, 2036, unless all three member countries agree to formally renew it for an additional 16-year term.

If any country declines to confirm this extension, the agreement enters a cycle of annual reviews for the next decade.

If all three countries agree to extend USMCA, the pact is extended for 16 years with another review scheduled to take place in 2032.

“I don’t know that I’m going to redo it because, to be honest with you. We don’t need anything Canada has, we don’t need anything that Mexico has, but they need everything that we have, and they have to treat us better,” the president said on Wednesday.

While it’s not an immediate threat, Trump’s rhetoric fueled some social media discussion:

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Here’s what Newsmax added:

The U.S. Trade Representative’s Office has said the U.S. and Mexico will hold a second round of negotiations in Washington June 16 and ​17, focused on agriculture and “a level playing field,” with a third set of ​talks in Mexico City scheduled for the week of July 20.

Last week, Dominic LeBlanc, Canada’s minister for U.S. trade, sent a letter to U.S. Trade Representative Jamieson Greer and Mexican Secretary of Economy Marcelo Ebrard recommending both countries renew the agreement for another 16 years.

“The Agreement is highly beneficial to each of our countries and to the integrated North American economy,” LeBlanc wrote.

The 6-year-old USMCA and ​its predecessor pact ​have created a ⁠highly integrated North American economy, underpinning nearly $1.6 trillion in annual trilateral trade, but its future hinges on negotiations over the ​coming months.

And here’s a clip of Trump’s remarks:

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