US to Declare Exit From USMCA, Initiating 10-Year Wind-Down

Key facts

• The U.S. is expected to announce its intention to withdraw from the USMCA.
• The withdrawal will commence a 10-year wind-down period for the trade agreement.
• A July 1 deadline for a review of the pact is approaching.
• U.S. complaints against Canada include dairy policies and 'Buy Canadian' measures.

The United States is anticipated to formally declare its intention to withdraw from the United States-Mexico-Canada Agreement (USMCA), a move that would initiate a 10-year process to dismantle the trade pact. This development is expected as a critical July 1 deadline for a review of the agreement looms, with indications that a resolution by that date is unlikely.