US Blocks Auto Renewal of USMCA | Global News

The US just killed the automatic 16-year extension of the USMCA trade deal with Mexico and Canada, forcing annual renegotiations instead of a guaranteed long-term pact. Worth $2 trillion in annual trade, the deal now hangs in the balance as the US pushes for fixes on car parts, dairy access, and China-related loopholes. While business groups groaned at the uncertainty, sectors like steel see it as a chance to reshape terms in America’s favor — all six years after NAFTA’s replacement brought stricter rules on manufacturing and digital trade. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5436adf4f38daebe