# US expected not to extend USMCA agreement — retained record

> Retained news record from news:semafor.

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source: [news](https://highsignal.app/data/news) (news:semafor)  published 2026-07-01 14:18 ingested 2026-07-02 08:54

[original source ↗](https://www.semafor.com/article/07/01/2026/us-expected-not-to-extend-usmca-agreement)

## retained text



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Washington is expected to announce that it will not extend the US-Mexico-Canada free trade agreement, a decision that could upend one of the world’s largest trading blocs.
Mexico City and Ottawa have tried repeatedly to reach an agreement with Washington to prolong the deal, under which $2 trillion is traded annually, but US President Donald Trump said his country didn’t “need anything” its partners had to offer.
Though the process to unwind the USMCA — agreed to during Trump’s first term — could take several years, experts fear Washington’s decision could dissuade the types of multi-billion dollar investments the grouping has sought to attract. “Uncertainty makes it hard for businesses to plan,” an expert told Politico. “It’s that simple.”
```



document fetched 2026-07-02 08:54 · canonical https://semafor.com/article/07/01/2026/us-expected-not-to-extend-usmca-agreement