The USMCA, which replaced NAFTA, is facing a critical July 1 deadline as the U.S. declines to extend the trade deal, with Trump signaling potential withdrawal from the agreement. North American negotiations are underway as the clock runs down on the pact governing trade between the U.S., Canada, and Mexico.
·U.S. blocks long-term renewal of the North American trade deal, allowing the agreement to wind down
·Trump signals he may pull out of the trade agreement, citing concerns about the deal's terms
·July 1 deadline prompts urgent negotiations between the three nations to find common ground
·Potential withdrawal could significantly impact Texas and other U.S. border businesses dependent on cross-border trade
·USMCA replaced NAFTA but faces uncertainty as renegotiation efforts stall
drawn from Encyclopedia Britannica, AP News, Oklahoma Farm Report, Public Citizen · updated 7h ago