CUSMA renewal deadline passed, U.S. tariffs remain—what it means for Canada and its economy
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Article Excerpt
CUSMA renewal deadline passed, U.S. tariffs remain—what it means for Canada and its economy
ANALYSIS
1 JULY 2026
i
ARTICLE
SUMMARY
KEY STATS
The Canada-United States-Mexico Agreement’s (CUSMA) mandatory review date arrived this week without a deal. U.S. President Donald Trump’s administration planned to formally declined to extend the pact on Canada Day, starting a 10-year review process that could leave CUSMA in limbo through 2036 rather than locking in a fresh 16-year term.
Steve Verheul, Canada’s former chief trade negotiator, said Monday he did not expect a deal before this fall’s U.S. m…
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Jul 2, 2026