Officials have begun reviewing the United States–Mexico–Canada Agreement
(USMCA), triggering a countdown to the pact’s potential expiry. Signed by
President Trump in his first term and in force for six years, the USMCA
underpins nearly $2 trillion of annual trade between the three countries and
sets detailed rules across autos, investment protection, intellectual property,
digital services and goods from Mexican steel to Canadian dairy. Unlike NAFTA,
the treaty contains a sunset clause requiring the parties to begin renewal talks
this year; unless reauthorized it will lapse in 2036.
