“I don’t know that I’m going to renew it,” Trump said.
The American leader indicated that his administration is keeping communication channels open for potential adjustments.
“We’re talking to them. We’ll see if we do something,” Trump said.
The trade pact originally replaced the North American Free Trade Agreement (NAFTA) on July 1, 2020.
>>> Fearnley vs Munar: Wimbledon Second Round Preview
According to the US Department of State, the USMCA was intended to foster equitable economic growth and protect high-paying American jobs.
The State Department documented that the agreement updated regional trade rules by incorporating dedicated chapters for digital commerce, anti-corruption policies, regulatory standards, and small-to-medium enterprises.
However, Greer noted that rising trade imbalances necessitated the decision.
In 2025, the US goods trade deficit escalated to $197 billion with Mexico and $48.3 billion with Canada, fueled by Canadian crude oil imports and supply chains shifting from China to Mexico to evade US tariffs.
“We don’t need anything that Canada has. We don’t need anything that Mexico has, but they need everything that we have.
And they have to treat us better,” Trump said.
In response, Mexican Economy Minister Marcelo Ebrard confirmed during a Wednesday news conference that Mexico intends to collaborate on resolving American concerns regarding trade imbalances and manufacturing employment.
Ebrard participated in a virtual conference alongside Greer and Canadian Minister Dominic LeBlanc.
“There is no difference that I can identify between Mexico, the United States and Canada that is so big that we cannot resolve it,” Ebrard said.
