Trump won't renew USMCA deal with Canada and Mexico, trade rep says

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President Trump has decided not to renew the United States-Mexico-Canada trade pact that he negotiated during his first term, US Trade Representative Jamieson Greer said Wednesday.

Donald Trump speaking with reporters before boarding Air Force One. — “We think there are substantial issues” with the pact, Trump’s trade representative said Wednesday. AP Photo/Julia Demaree Nikhinson

National flags of the US, Canada, and Mexico flying in the breeze. — POTUS negotiated the trade agreement with Mexico and Canada in January 2020, during his first term. AP Photo/Judi Bottoni

“We think there are substantial issues,” Greer told Bloomberg News in an interview shortly before a scheduled call with a broader group of news outlets.

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Despite the non-renewal, the USMCA won’t actually expire for at least 10 years — well after Trump leaves office. The decision instead begins an annual renegotiation process spanning the next decade.

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This is a developing story. Please check back for updates.