Trump threatens to scrap USMCA trade deal amid North American tensions
President Donald Trump has thrown North America’s trade architecture into doubt by declaring on Thursday that he may not renew the US-Mexico-Canada Agreement (USMCA), the $2 trillion pact that replaced NAFTA in 2020 and remains the cornerstone of trilateral commerce.
Speaking in Washington, Trump said the six-year-old deal “comes up for renewal” and added, “I don’t know that I’m going to renew it.” He argued that the United States benefits more from access to Canadian and Mexican markets than it gains from their exports, singling out Canada’s 4 million barrels of daily crude oil shipments—about one-fifth of U.S. consumption—as a point of leverage . Both Ottawa and Mexico City have privately signaled willingness to make further concessions to keep the accord alive, but the president’s remarks suggest the agreement’s future is now in play.
The USMCA, negotiated during Trump’s first term and ratified in 2020, governs nearly $2 trillion in annual trade across North America. Its potential collapse would force Congress to revisit tariff schedules for automobiles, agriculture, and energy at a moment when global supply chains are already strained by rising protectionism. European diplomats in Washington report that the threat has deepened skepticism about U.S. reliability as an ally, with a June 10 survey showing European trust in American security guarantees at an all-time low .
Mexican President Claudia Sheinbaum, who took office in October 2024, faces the immediate challenge of managing a relationship with a president who has repeatedly tied trade access to migration policy and drug-war cooperation. In an interview published Thursday, Sheinbaum’s dressmaker in Mexico City noted the political symbolism of the president’s locally tailored wardrobe, underscoring how economic nationalism in Washington reverberates through daily life in Latin America .
Canadian officials have scrambled to respond after Trump threatened to block the opening of the Gordie Howe International Bridge linking Detroit and Windsor, a project valued at $5.7 billion. Prime Minister Justin Trudeau’s office said Wednesday that the bridge would proceed as scheduled, but the White House has not withdrawn its veto threat .
Analysts warn that a USMCA withdrawal could trigger retaliatory tariffs on U.S. goods, particularly agricultural exports that rely on Canadian and Mexican buyers. The U.S. Chamber of Commerce, which lobbied aggressively for the original deal, has not commented publicly since Trump’s remarks, but industry groups are privately preparing contingency plans for a return to World Trade Organization tariff schedules.
Trump’s latest trade salvo follows a week of aggressive economic diplomacy, including new tariffs on Brazilian imports and a contentious EU-U.S. deal that left Brussels uneasy about future unpredictability. With the president’s 80th birthday celebrations planned for June 14, the timing underscores his willingness to use symbolic gestures to amplify substantive shifts in policy.
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⚡️European trust in US security falls to all-time low, survey finds. Most Europeans no longer view Washington as a reliable ally under President Donald Trump, according to a survey published June 10.
bluesky bot · 2 days ago
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handelsblatt · 2 days ago
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aftenposten · 2 days ago
🇺🇸❌🇲🇽🇨🇦 - President Trump threatens to not renew trade deal with Canada and Mexico. USMCA did one thing that I loved. After six years, it comes up for renewal. I dont know that Im going to renew it. The USMCA trade agreement covers $2 trillion worth of trades between the three North American neighbors. The deal was negotiated by President Trump in 2018 and was among the most important legacies of his first presidency. Both Canada and Mexico, heavily dependent on the US export market, have signaled their openness to further concession to keep the deal. The US imports 4 million barrels of crude oil from Canada, approximately 20 of its consumption.
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yenisafak · 2 days ago
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gdeltproject.org · 2 days ago
Claudia Sheinbaum: the wildly popular Mexican president dealing with drug violence, disappearances and Donald Trump She started as an activist. Now she is Mexicos president. Has she stayed true to her ideals?The presidents dressmaker works at home, down a narrow road in a working-class neighbourhood on the southernmost edge of Mexico City. There is no sign, just the house number marked in chalk on a rusted metal door. In the brightly lit, pink-walled room at the back of her modest house, Olivia Trujillo sits at her sewing machine, piecing together the presidents signature suits and dresses. Trujillo sews everything here, accompanied only by her family, three dogs, and one green parrot. Once finished, an assistant spirits away the items by motorcycle straight to the National Palace, where the president lives. Claudia Sheinbaums clothing – tailored from modest fabrics produced in Mexico and featuring Indigenous motifs – is one of the many ways that her administration communicates its slogan: For the good of all, first the poor.The dressmaker has just one problem with the president. People who wear made-to-measure clothes normally sit for the tailor twice: first, to have their measurements taken, then a second time for final adjustments. Not once has she done a fitting for me, never! says Trujillo, an exacting and neatly turned-out woman in her 60s. She knows the president is busy. Still, she objects, any normal woman does a fitting for important clothes, like their wedding dress. Continue reading...
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