Six years to the day after the U.S.-Mexico-Canada Agreement took effect, the Trump administration confirmed on July 1, 2026 that it would not lock in another 16-year term. Instead of a clean renewal, the pact now heads into a mandatory annual review cycle that can run until 2036. U.S. Trade Representative Jamieson Greer put it plainly in his own released statement: the United States "did not agree to renew the USMCA in its current form," and, as a result, "the USMCA is not renewed." A separate administration official repeated nearly identical language on a briefing call with reporters according to Yahoo Finance.