US President Donald Trump announced on June 10, 2026, that he does not intend to renew the United States-Mexico-Canada Agreement (USMCA), which replaced NAFTA and came into force in July 2020 [1, 2]. Speaking from the Oval Office, Trump said, "I’m not looking to renew it. We don’t need anything that Canada has. We don’t need anything that Mexico has, but they need everything that we have. They have to treat us better" [1]. He elaborated, "We don’t need their cars, we don’t need their lumber, we don’t need their energy" [2].
The USMCA includes a review mechanism every six years, requiring the three member countries to decide by July 1, 2026, whether to extend or let the deal expire [1, 2]. If any country signals intention to exit, the agreement allows for a 10-year termination period [1]. Trump described NAFTA as "the worst trade deal" and called USMCA "a much better deal because it allows the US to reconsider after 6 years" [2].
Ahead of the July 1 deadline, the US and Mexico planned a second round of USMCA negotiations on June 16-17 in Washington, focusing on agriculture and ensuring a level playing field [1]. A third round is scheduled for the week of July 20 in Mexico City [1]. Canada reported a positive USMCA review meeting with the US delegation on June 9 but had not set a formal negotiation date by that time [1].
Separately, Trump mentioned he would soon meet with top executives from an unspecified industry, highlighting that "whoever leads that is going to really lead the world to a large extent" [2]. He suggested that this sector's companies might share financial gains with the public, saying, "If we do that, the public will become very rich, the people in our country, because that’s the kind of money we’re talking about" [2].
Trump also repeated claims without evidence that the 2020 presidential election was rigged [2].
The USMCA member countries must make their renewal decisions by July 1, 2026, or trigger a decade-long exit process.
