You are connecting from Lake Geneva Public Library, please login or register to take advantage of your institution's Ground News Plan.
Published 3 days ago • loading... • Updated 2 days ago
What You Need to Know as the Deadline for Formally Extending CUSMA Approaches
Canada and Mexico want certainty through 2042, while the Trump administration is expected to resist a renewal, trade experts said.
With a July 1 deadline approaching, Canada, the United States, and Mexico must decide whether to formally extend the Canada-United States-Mexico Agreement for 16 years or continue under annual reviews.
President Donald Trump has signaled the United States may bypass the deadline, stating earlier this month that he is "not looking to renew" the trilateral trade pact.
If no extension occurs, the agreement persists for 10 years before "automatically terminating if the parties can" fail to agree on an extension, according to former trade official Greta Peisch.
Prime Minister Mark Carney said the Trump administration seeks to avoid a Congressional vote on the agreement's "fundamental architecture" by bypassing formal legislative changes.
Canada and Mexico recently sent letters to Washington confirming their preference for a 16-year trilateral extension, even as United States Trade Representative Jamieson Greer remains open to separate bilateral agreements.