The United States will no longer automatically renew its trade agreement with its neighbors Canada and Mexico, opting instead to assess and update the deal every year. This decision may cause unease among companies that rely on cross-border production in North America, as it introduces an element of unpredictability into their operations.
Source: https://www.bloomberg.com/news/articles/2026-07-01/us-decides-against-renewing-usmca-shifting-to-rolling-talks