Trump Weighs USMCA Exit: Future of North American Trade Pact in Question

• Donald Trump is privately considering whether the US should remain in the US-Mexico-Canada Agreement (USMCA), a trade pact he signed during his first term.
• The deliberations come ahead of a mandatory review of the agreement later this year, raising questions about North America’s trade architecture.
• Trump has asked aides to explain the benefits of remaining in the USMCA, though he has not explicitly indicated an intent to withdraw.
• The USMCA includes a “sunset clause” requiring a joint review by July 1; if no consensus, it faces annual reviews until 2036.
• The agreement governs nearly $2 trillion in annual trade, and a potential US withdrawal has unsettled markets, with the Canadian dollar and Mexican peso briefly weakening.