Trending Now - Negotiations Start for Us-mexico-canada Trade Pact Renewal
WHO:
President Trump, U.S. trade negotiators, Mexican Economy Secretary Marcelo Ebrard, Mexican President Claudia Sheinbaum
U.S., Mexico, Canada
WHAT:
Negotiations to renew the US-Mexico-Canada Agreement (USMCA) began on March 16th, 2026.
More than $4 billion worth of goods cross the U.S. borders with Canada and Mexico daily.
The USMCA took effect on July 1st, 2020.
The U.S. trade deficit with Mexico rose to a record $197 billion in 2025.
The U.S. merchandise trade deficit with Canada was $46.4 billion in 2025.
American farmers shipped nearly $31 billion in agricultural products to Mexico and $28 billion to Canada in 2025.
The U.S. plans to push for changes to the USMCA, including stronger rules against Chinese goods entering the U.S. under the agreement.
WHERE:
United States, Mexico, Canada
WHEN:
Negotiations began on March 16th, 2026.
The USMCA took effect on July 1st, 2020.
The U.S. trade deficit with Mexico was reported for the year 2025.
The U.S. merchandise trade deficit with Canada was reported for the year 2025.
WHY:
The U.S. is demanding changes to the USMCA to address trade deficits and ensure more production in the U.S.
Mexico aims to avoid a major rewrite of the agreement and minimize tariffs.
HOW:
The renewal process allows until 2036 to reach an agreement, or the pact will expire.
Any USMCA country can withdraw from the pact with six months’ notice.
(UPDATED March 16, 2026 11:16 UTC)
Negotiations to renew the US-Mexico-Canada Agreement, or USMCA, officially began today, March 16, 2026, with President Trump and key trade negotiators from Mexico and Canada in attendance. The U.S. is pushing for changes to address significant trade deficits, including a record $197 billion deficit with Mexico and $46.4 billion with Canada reported for 2025, while Mexico seeks to avoid major revisions to the agreement. This renewal process will continue until 2036, but any country involved can withdraw with six months' notice.