The Indicator from Planet Money · Wednesday, July 1, 2026
Former President Trump, who once called the USMCA the "largest, fairest, most balanced and modern trade agreement ever achieved," has recently expressed a desire to terminate it. This shift in stance comes as the US, Mexico, and Canada are set to decide on the continuation of the trade pact on July 1st.
“The USMCA is the largest, fairest, most balanced and modern trade agreement ever achieved.”
“But I would rather we do better as a country if we don't have an agreement.”
“Yeah, I'm thinking about maybe we won't be able to make a deal. I would rather not have the USMCA.”