President Donald Trump has decided not to extend the U.S.-Mexico-Canada Agreement (USMCA) and will instead pursue independent trade deals with Canada and Mexico, FOX Business has learned.
Wednesday marked the deadline for the six-year review. A Trump administration official told FOX Business that the president opted against extending the agreement.
The official indicated that Trump will instead pursue separate deals with Canada and Mexico that last for up to 10 years.
The USMCA, which replaced NAFTA, was negotiated during Trump’s first term, signed in December 2019 and took effect on July 1, 2020. The agreement is slated to remain in effect until 2036.
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