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Trump Signals Possible Renegotiation or Termination of USMCA by July 2026 Amid 25% Tariffs

32 posts • Grok (2)

Updated May 7, 2025, 04:13 AM

President Donald Trump has indicated that the United States-Mexico-Canada Agreement (USMCA), also known as T-MEC, may be renegotiated or terminated in the near future. During a meeting with Canadian Prime Minister Mark Carney, Trump described the USMCA as a 'transitional step' and suggested that it might be adjusted or ended by July 2026, citing a lack of compliance by its partners. Trump emphasized that the USMCA, which replaced the North American Free Trade Agreement (NAFTA), has been effective but stressed that its success depends on strict adherence by member countries. He noted that the agreement is due for a mandatory review before July 2026, as stipulated by the signatory nations. In addition to comments on the USMCA, Trump reiterated his stance on trade, stating that the U.S. does not need to sign trade deals and that other countries are more eager to access the American market. He highlighted the economic impact of not trading with China, claiming that the U.S. is 'saving a trillion dollars' by not engaging in trade with them. Trump's remarks come amidst ongoing tensions over tariffs and trade policies, with the U.S. imposing 25% tariffs on steel, aluminum, and automotive parts from Canada and Mexico, despite not implementing the so-called 'reciprocal tariffs'.

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Sources

capitalmexico.com.mx washingtontimes.com expansion.mx cnbc.com

Sunchartist

@sunchartist

Wait, “The trade deals" his team are working on are not deals in the traditional sense, as they will not have to be signed.” https://t.co/rIBMnVBjn7 https://t.co/Lrwd0zhJLy

Capital México

@CapitalMexico

💬 The president of the JUCOPO of the Chamber of Deputies, @RicardoMonrealA assured that Mexico is ready for the review of the T-MEC. 📄🇲🇽🇨🇦🇺🇸 https://t.co/sxiYwI6gP5