Donald Trump has vowed to renegotiate the USMCA free trade agreement with Canada and Mexico if he wins the November presidential election.
“I am announcing today that 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 told the Detroit Economic Club on Thursday.
Following tense negotiations, the U.S.-Mexico-Canada Agreement went into effect in 2020 to replace the earlier North American Free Trade Agreement (NAFTA), which Trump targeted soon into his first presidency. The new USMCA agreement is up for review on its sixth anniversary in 2026, when the three countries will have to confirm in writing if they wish to extend the pact or re-evaluate it.
“That was the hardest thing I had to get, they didn’t want that,” Trump claimed of the …