US, Canada, Mexico face 1 July USMCA deadline with no deal expected
8 reported2 unconfirmed
The US, Canada, and Mexico are approaching a 1 July deadline to decide the future of the USMCA trade pact, with all signs pointing to them missing that date without a clear resolution. Trade representatives from all three countries will meet formally on Wednesday for the first time since a review of the pact began. Canada and Mexico have both said they want the deal renewed, while the US has yet to outline its position. President Donald Trump recently stated he sees the deal "expiring immediately," arguing the US would be better off without it. The current deal, negotiated during Trump's first term, replaced the North American Free Trade Agreement and underpins nearly $1.6tn in annual trade between the three countries. A major sticking point for Canada is US tariffs on key sectors including steel, aluminium, and automobiles. If the 1 July milestone is missed, the USMCA will remain in place for another 10 years until its set expiry date of 2036.
What’s reported
The US, Canada, and Mexico face a 1 July deadline to decide the future of the USMCA trade pact.
Trade representatives from all three countries will meet formally on Wednesday for the first time since a review began.
Canada and Mexico have both said they want the deal renewed; the US has not outlined its position.
President Donald Trump said he sees the deal "expiring immediately," arguing the US would be better off without it.
The USMCA underpins nearly $1.6tn in annual trade between the three countries.
A major sticking point for Canada is US tariffs on steel, aluminium, and automobiles.
If the 1 July milestone is missed, the USMCA will remain in place until its set expiry date of 2036.
A late 2025 Ipsos survey suggested 75% of Americans believe the pact has been beneficial to the economy.
Open questions
It is unclear how long talks will continue past the 1 July deadline.
The final decision on the pact's future likely rests with the US president, according to business leaders.
Key figures
President Donald Trump (US)
Dominic LeBlanc (Canada-US trade minister)
Prime Minister Mark Carney (Canada)
Janice Charette (Canada's chief negotiator)
Dennis Darby (committee member and president of Canadian Manufacturers and Exporters)
Pete Hoekstra (US ambassador to Canada)
Sources: BBC News
