Overview
- Bloomberg reports that the president has asked aides why the U.S. should not withdraw from the USMCA, though no formal move has been signaled.
- A White House official cautioned that any discussion of potential presidential action remains speculation unless announced by the president.
- U.S. Trade Representative Jamieson Greer said renewing the 2019 terms is not in the national interest and that talks will proceed separately with Mexico and Canada, describing the Canadian track as more challenging.
- Mexican President Claudia Sheinbaum said she does not believe the U.S. will withdraw and noted the issue has not surfaced in official calls, while Canada’s Mark Carney described a recent conversation with Trump as positive.
- The pact enters a mandatory review on July 1, a withdrawal would require six months' notice, roughly $2 trillion in trade is at stake, and business groups and lawmakers are expected to oppose an exit over tariff and supply‑chain risks.