Donald Trump threatens to abandon USMCA, risking North American trade

President Donald Trump said the United States does not need the products of Mexico or Canada and warned he may not renew the United States‑Mexico‑Canada Agreement (USMCA). He emphasized that the U.S. could operate without the pact and urged Mexico and Canada to offer more favorable terms.

Analysts note that a USMCA exit could raise fuel prices for Midwest motorists, disrupt oil supplies to refineries that rely heavily on Canadian crude, and threaten refinery jobs. Canadian officials have urged a renewal, while the next round of trade talks is scheduled in Washington next week.