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Trump Refuses to Renew USMCA, Keeping North American Trade on a Short Leash
The Guardian·Friday, 3 July 2026
Donald Trump declined to renew the United States-Mexico-Canada Agreement — a trade deal he once called his signature achievement — before Wednesday's built-in deadline. Instead of committing to another 16 years, he opted to keep the pact alive through annual reviews. This leaves trade relations between the three countries in a state of ongoing uncertainty.
Why It Matters
North American trade stability affects global supply chains, and any prolonged uncertainty between the U.S., Canada, and Mexico can ripple into commodity prices and export markets that Indian businesses depend on.
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