Trump says he may not renew USMCA trade deal with Canada, Mexico
President Donald Trump announced he is “not looking to renew” the US‑Mexico‑Canada Agreement (USMCA), which replaced NAFTA in 2020. He argued that the US “does much better” without relying on Canadian and Mexican goods, and that both countries need US market access more than Washington needs their exports.
US President Donald Trump said Wednesday that he is not seeking to renew the US‑Mexico‑Canada Agreement (USMCA), the North American trade pact he signed during his first term. “I’m not looking to renew it,” Trump told reporters in the Oval Office. He described NAFTA as “the worst trade deal” the US ever signed, and said USMCA was “a much better deal” largely because it gave Washington the right to reconsider the agreement after six years.
Trade surplus argument
The USMCA entered into force in July 2020 and includes a joint review mechanism scheduled for 2026. Trump said the US “does much better” without relying on goods from Canada and Mexico, arguing both countries need access to the US market more than Washington needs their exports. “We don’t need their cars, we don’t need their lumber, we don’t need their energy,” he said, adding that the US should have trade surpluses with both countries rather than deficits.
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