Trump Pledges to Renegotiate Free Trade Deal With Canada and Mexico If Elected

Published on October 11, 2024

Former U.S. President Donald Trump has announced plans to renegotiate the United States-Mexico-Canada free trade agreement (USMCA) if he wins the U.S. presidential election in November. “Upon taking office, I will formally notify Mexico and Canada of my intention to invoke the six-year renegotiation provisions of the USMCA that I put in,” Trump announced in a speech at the Detroit Economic Club on Oct. 10. USMCA, which came into effect in 2020 as a replacement for the North American Free Trade Agreement (NAFTA), is up for review in 2026. The three countries will confirm whether they will extend the deal or re-negotiate it....