US, Mexico, Canada to Miss July USMCA Date, Ramping Up Tension

The US, Mexico and Canada are set to blow past a July 1 milestone to renew their trade deal, opening the possibility of months or years of haggling over the rules and tariffs for auto manufacturing and other industries, people familiar with the matter said.

The agreement, signed by President Donald Trump during his first term, includes a deadline next month to extend the pact for 16 years. If all three countries don’t agree to renew it, the deal remains in place until at least 2036 — barring one of them quitting it entirely — and enters rolling annual reviews. ...