Trump Won’t Accept the Deficit: USMCA Review 2026
On July 1, 2026, the U.S. officially refused to renew USMCA. "The United States did not agree to renew the USMCA in its current form," said USTR Jamieson Greer. The trade deficit is Trump's primary concern: 197,000 million dollars with Mexico plus 46,000 million with Canada in 2025, more than double what it was when USMCA took effect.