U.S. declines CUSMA extension. What does it mean for Canada

The U.S. decision to decline the CUSMA extension means the trade pact remains fully active until 2036, but it now enters a phase of mandatory annual reviews that introduces prolonged economic uncertainty for Canada. Rather than an immediate termination or a clean 16-year renewal to 2042, U.S. Trade Representative Jamieson Greer blocked the extension during the July 1, 2026, joint review, citing the deal’s "shortcomings" and America's persistent trade deficits.Become a supporter of this podcast: https://www.spreaker.com/podcast/today-explained--6659607/support.Don’t miss our latest episodes! follow us to stay updates with fresh news everyday. Let’s keep the support our podcast to serve update news entire the world!