{"id":838,"date":"2026-07-01T19:13:17","date_gmt":"2026-07-01T19:13:17","guid":{"rendered":"https:\/\/modernhomejournals.com\/?p=838"},"modified":"2026-07-01T19:13:17","modified_gmt":"2026-07-01T19:13:17","slug":"trump-2-0-wont-renew-key-trade-deal-trump-1-0-negotiated","status":"publish","type":"post","link":"https:\/\/modernhomejournals.com\/?p=838","title":{"rendered":"Trump 2.0 Won’t Renew Key Trade Deal Trump 1.0 Negotiated"},"content":{"rendered":"
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The U.S. will not renew its trade agreement with Canada and Mexico, senior administration officials announced on Wednesday \u2014 another example of the president\u2019s increasing willingness to leverage trade policy against even the country\u2019s allies.<\/p>\n

Read more E. Jean Carroll Moves to Collect the $5 Million Trump Owes Her<\/a><\/p>\n

Wednesday marked the deadline for the U.S., Mexico and Canada to renew the USMCA trade agreement, though President Donald Trump has signaled<\/u><\/span> wavering interest in maintaining the deal as is for months. Instead, the White House said it would now conduct yearly reviews of the deal Trump signed in his first term, which he called \u201cthe best agreement we\u2019ve ever made.\u201d<\/p>\n

\u201cWe chose not to rubber-stamp USMCA renewal without addressing existing issues,\u201d a senior administration official told reporters on Wednesday. \u201cIn other words, the United States did not agree to renew the USMCA in its current form.\u201d<\/p>\n

Over the past several months of negotiations, the Trump administration sought to reduce the trade deficit with the two countries and increase U.S. market access. Dairy industry disputes with Canada, corn exports to Mexico and \u201cconstant threats to our trade and energy\u201d are among the reasons the U.S. backed out of renewing the deal, the official said on Wednesday.<\/p>\n

The countries will have 10 years to reach an agreement on outstanding issues before the USMCA expires in 2036. Canada and Mexico, the country\u2019s top trading partners, were interested in extending the agreement by 16 years \u2014 though renegotiation talks with Canada had been fragile for months.<\/p>\n

\u201cThey did not deliver on some of the things that we expected,\u201d the official said. \u201cThese were always under threat, which is not what the agreement was intended to be. So that\u2019s really what is at the heart of it.\u201d<\/p>\n

Read more Karoline Leavitt\u2019s Old Campaign Remains Awash in Red Ink<\/a><\/p>\n

Last year, the U.S. imported more than $900 billion in Mexican and Canadian goods, which are tariff-free under the USMCA.<\/p>\n

The decision will hit industries running supply chains up and down the continent hardest, such as automotive companies that manufacture parts across the borders and assemble vehicles in the U.S., or the steel and aluminum industries that source its metals in Canada.<\/p>\n

Mexico and Canada found themselves on opposite ends of the Trump administration\u2019s favor heading into the negotiations. The senior administration official noted that Canada is one of the few countries that \u201cretaliated\u201d against Trump\u2019s tariff policies, while Mexico has been a more cooperative negotiating partner.<\/p>\n

The U.S. will hold a third round of bilateral talks with Mexico during the week of July 20 to discuss outstanding issues, including economic security, labor violations, the environment and intellectual property, the official said. Among the U.S.\u2019s biggest concerns are rules of origin \u2014 provisions that dictate from where manufacturing parts must come, so countries like China can\u2019t benefit from the agreement\u2019s terms.<\/p>\n

Talks will continue with Canada as well, though the official did not address when those will take place.<\/p>\n

Read more James Comer Says Oversight Will Hold Public Hearings on Epstein<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The White House will instead conduct yearly reviews of the North American trade agreement between the U.S., Mexico and Canada.<\/p>\n","protected":false},"author":1,"featured_media":837,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"class_list":["post-838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-tariffs"],"yoast_head":"\nTrump 2.0 Won't Renew Key Trade Deal Trump 1.0 Negotiated - Modern Home Journals<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/modernhomejournals.com\/?p=838\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump 2.0 Won't Renew Key Trade Deal Trump 1.0 Negotiated - Modern Home Journals\" \/>\n<meta property=\"og:description\" content=\"The White House will instead conduct yearly reviews of the North American trade agreement between the U.S., Mexico and Canada.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/modernhomejournals.com\/?p=838\" \/>\n<meta property=\"og:site_name\" content=\"Modern Home Journals\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-01T19:13:17+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=838#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=838\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/#\\\/schema\\\/person\\\/533de239efc09a2ab59959cc1bff86d0\"},\"headline\":\"Trump 2.0 Won’t Renew Key Trade Deal Trump 1.0 Negotiated\",\"datePublished\":\"2026-07-01T19:13:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=838\"},\"wordCount\":523,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=838#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/modernhomejournals.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/1861ea1f5fd5c3c9bce820d2088f0b60-scaled.jpg\",\"articleSection\":[\"Trade & Tariffs\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/modernhomejournals.com\\\/?p=838#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=838\",\"url\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=838\",\"name\":\"Trump 2.0 Won't Renew Key Trade Deal Trump 1.0 Negotiated - Modern Home Journals\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=838#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=838#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/modernhomejournals.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/1861ea1f5fd5c3c9bce820d2088f0b60-scaled.jpg\",\"datePublished\":\"2026-07-01T19:13:17+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/#\\\/schema\\\/person\\\/533de239efc09a2ab59959cc1bff86d0\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=838#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/modernhomejournals.com\\\/?p=838\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=838#primaryimage\",\"url\":\"https:\\\/\\\/modernhomejournals.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/1861ea1f5fd5c3c9bce820d2088f0b60-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/modernhomejournals.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/1861ea1f5fd5c3c9bce820d2088f0b60-scaled.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"UNITED STATES - APRIL 9: U.S. Trade Representative Jamieson Greer testifies during the Ways and Means Committee hearing on the \\\"Trump Administration's 2025 Trade Policy Agenda,\\\" in Longworth building on Wednesday, April 9, 2025. 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