USMCA Renewal Uncertain as Trump Casts Doubt on North American Trade

Analysts expect the July USMCA review to likely default to an annual renewal process, keeping cross-border trade uncertainty alive and acting as a headwind for businesses. Trump’s ambivalence toward the pact raises the risk of renewed tariffs or cancellation, potentially disrupting US exports, while Canada and Mexico prefer to preserve the agreement. The outcome could also reshape cross-border relations and broader regional trade dynamics.