In a stunning twist that’s rattling markets and rewriting North American trade history, U.S. President Donald Trump is reportedly considering withdrawing from the very trade pact he championed and signed during his first term — the United States-Mexico-Canada Agreement (USMCA). The move could upend one of the world’s largest economic partnerships and inject fresh instability into global supply chains.
The USMCA — which succeeded the North American Free Trade Agreement and governs roughly $2 trillion in cross-border trade — is slated for mandatory review ahead of a July 1 deadline this year. What was expected to be a routine update has devolved into a high-stakes showdown that could see the U.S. pull out entirely or restructure trade ties into separate deals with Mexico and Canada.
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