Trade experts tell TIME that the move could carry profound long-term consequences, creating the kind of uncertainty that discourages investment, complicates supply chains and, over time, raises costs for consumers.

U.S. Trade Representative Jamieson Greer said on Wednesday that ​formal trade talks with Mexico were progressing, while discussions with Canada had yet to produce concessions sought by President Donald Trump as ‌he pushes to reduce U.

President Donald Trump's "primary" issue with USMCA centers on America's trade deficits with Canada and Mexico, a senior administration official said.

In February 2026, Mexico's trade balance fell to a $463 million deficit, reversing the $1.65 billion surplus from the previous year and exceeding analysts' projections of a $1.2 billion surplus. A significant rise in imports, which reflected increased ...

The United States-Mexico-Canada Agreement will remain in effect until it expires in 2036, unless the countries strike another deal to extend it.

MEXICO CITY--Mexico registered a $463 million trade deficit in February, compared with a $1.65 billion surplus in the year-earlier month as import growth outpaced an increase in exports. Exports rose 15.8% from February 2025 to $56.85 billion, and imports ...

The Trump administration announced Wednesday it will not renew the United States–Mexico–Canada Agreement (USMCA) in its current form. Wednesday marked the deadline to renew the trade agreement, which President Trump struck with Canada and Mexico during his first administration.

Add Yahoo as a preferred source to see more of our stories on Google. President Donald Trump has cast doubt on renewing North America's flagship trade pact just as the United States, Canada and Mexico come together to host the 2026 FIFA World Cup ...