Trump Says He Is 'Not Looking to Renew' CUSMA Trade Agreement

U.S. President Donald Trump said on June 10, 2026, that he is 'not looking to renew' the United States-Mexico-Canada Agreement (USMCA), citing trade deficits with both neighboring countries. The USMCA, which underpins roughly $1.6 trillion in annual trilateral trade, faces a mandatory six-year review by July 1, after which failure to agree on a 16-year extension would trigger annual reviews rather than immediate expiration. Trump's remarks inject significant uncertainty into ongoing negotiations and the deeply integrated North American economy, even as U.S. trade officials continue talks with both Canada and Mexico.
Speaking in the Oval Office on Wednesday, President Trump told reporters he is 'not looking to renew' the USMCA, the trade pact he himself negotiated during his first term to replace NAFTA, which he has long called the worst trade deal he had ever seen. Trump argued that the U.S. runs trade deficits with both Canada ($46 billion in goods) and Mexico ($197 billion in goods) and claimed the U.S. does not need their cars, lumber, or energy — a claim disputed by analysts who note that Canada supplies roughly 62% of U.S. oil imports and over 25% of all barrels entering U.S. refineries. Under USMCA's terms, all three countries must signal by July 1 whether they want a 16-year extension; if they do not, the pact enters a decade of annual reviews before potentially expiring in 2036, and any country can withdraw with six months' notice. Canada and Mexico have both formally declared support for renewal, and U.S. trade officials have already scheduled a second round of U.S.-Mexico negotiations for June 16-17 in Washington and a third round in Mexico City in late July, while Canada-U.S. Trade Minister Dominic LeBlanc met with U.S. Trade Representative Jamieson Greer last week. Canadian Prime Minister Mark Carney convened a virtual meeting with provincial premiers on Wednesday to discuss negotiating strategy, with leaders including Ontario Premier Doug Ford and B.C. Premier David Eby publicly pushing back on Trump's framing. Trade lawyers and analysts cautioned against overreacting, noting that Trump did not explicitly threaten to withdraw from USMCA and that his public tough talk is consistent with his established negotiating style.
Data: Article/Global News
What's missing
Mexico's government response to Trump's latest comments was not detailed in the sources, despite Mexico being the U.S.'s largest trading partner and a central party to the negotiations.
How coverage differed
Canadian outlets such as CBC and the Globe and Mail emphasized the threat to Canada's economy and the domestic political response — including premiers' reactions and Carney's strategy meetings — framing Trump's comments as a negotiating tactic with real stakes for Canadian workers. U.S.-focused and international outlets such as PBS, The Hill, and The Straits Times presented the remarks more neutrally as a policy signal, with less emphasis on the Canadian political fallout and more focus on the mechanics of the USMCA review process.
What different sources said
- Global News CanadaCenter
Trump says he is ‘not looking to renew’ CUSMA trade agreement
- CBCLeft
Trump threatens not to renew trade deal with Canada, Mexico
- South China Morning PostCenter
Trump says US might not renew trade deal with Mexico and Canada
- CP24Center
‘Reckless and disrespectful’: Pennsylvania governor slams Trump’s Canada comments as he signs trade pact with Ontario
- CTV NewsCenter
‘Reckless and disrespectful’: Pennsylvania governor slams Trump’s Canada comments as he signs trade pact with Ontario
Trump Says He’s ‘Not Looking to Renew’ Canada-Mexico Trade Deal
- The HillCenter
Trump says he may not renew USMCA with Mexico and Canada
- The Straits TimesCenter
Trump says US might not renew North America trade deal
- Toronto StarCenter
Premier Doug Ford inks deal with Pennsylvania Gov. Josh Shapiro
- BreitbartFar Right
Trump Floats Not Renewing USMCA Trade Agreement
- SemaforCenter
Trump questions North America trade deal renewal
- NewsweekCenter
Trump Questions Trade With Canada, Mexico As World Cup Begins
- PoliticoLeft
Trump's ambassador names one thing America needs from Canada
- PBS NewsHourLeft
WATCH: Trump says he's 'not looking to renew' U.S. trade deal with Canada and Mexico
- Financial TimesCenter
Donald Trump suggests he may not renew trade deal with Mexico and Canada
- The Globe and MailCenter
Trump threatens not to renew USMCA as Carney talks trade strategy with premiers
- National ReviewRight
Trump’s Replacement Tariffs Will Have Unintended Consequences for USMCA
- Yahoo FinanceCenter
Trump Says US Does Not Need Anything Canadian, But Analyst Says Canada Accounts For Over 60% Of America's Oil Imports
- New York PostRight
USMNT avoids another kit disaster with flag-inspired ‘Stripes’ look
- NBC NewsLeft
Caramelo sorprende con bandera de Estados Unidos en el debut del USMNT en el Mundial
Related
SpaceX IPO Makes Elon Musk World's First Trillionaire as Shares Surge 19% on Debut
SpaceX shares closed up 19% on their first trading day, pushing Elon Musk's net worth to approximately $1.11 trillion and making him the first individual in history to cross the trillion-dollar threshold. The company raised $75 billion at an IPO price of $135 per share, with shares closing near $161, giving SpaceX a market capitalization of roughly $2.1 trillion despite the company reporting a net loss of $4.94 billion in 2025. The milestone has drawn both investor enthusiasm and sharp criticism over Musk's social media conduct and concerns that the IPO's structure exploits passive index fund mechanics to extract wealth from ordinary retirement savers.
Delhi Power Bills to Rise for Some Consumers as Regulator Approves Higher Electricity Surcharge
Delhi's electricity regulator DERC has approved increased Power Purchase Adjustment Charges (PPAC) for distribution companies, raising bills for consumers in south, east, and central Delhi from July 2026. The hike follows a sharp rise in power procurement costs in April 2026, driven by higher summer demand and elevated fuel prices. The change also marks a structural shift from quarterly to monthly PPAC revisions, making electricity bills more responsive to real-time cost fluctuations.
SEC Proposes Repealing Rule 611 and Rule 610(e) of Regulation NMS
The Securities and Exchange Commission proposed on June 11, 2026, to rescind Rule 611 and Rule 610(e) of Regulation NMS, which govern trade-through protections and locking/crossing quotations in equity markets. Rule 611, in place for roughly two decades, requires trades to be executed at the best available price across exchanges. The proposal could reshape equity market structure and has implications for emerging areas such as tokenized stocks.