{"id":424562,"date":"2025-12-04T17:32:22","date_gmt":"2025-12-04T17:32:22","guid":{"rendered":"https:\/\/www.europesays.com\/us\/424562\/"},"modified":"2025-12-04T17:32:22","modified_gmt":"2025-12-04T17:32:22","slug":"trump-says-hes-open-to-letting-cusma-expire-national","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/424562\/","title":{"rendered":"Trump says he\u2019s open to letting CUSMA expire – National"},"content":{"rendered":"

U.S. President Donald Trump<\/a> said the United States may either let the Canada-United States-Mexico Agreement (CUSMA)<\/a>\u00a0expire next year or negotiate a new deal.<\/p>\n

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The deal, which he was instrumental in negotiating in 2018 and is referred to as CUSMA in Canada and USMCA in the United States, is up for review next year.<\/p>\n

\u201cIt expires in about a year, and we\u2019ll either let it expire, or we\u2019ll maybe work out another deal with Mexico and Canada,\u201d Trump told reporters in the White House on Wednesday, when asked about the future of the deal.<\/p>\n

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Canada and Mexico had \u201ctaken advantage\u201d of the U.S., Trump said.<\/p>\n

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\u201cMexico and Canada have taken advantage of the United States. It\u2019s like just about every other country, in all fairness, it\u2019s not them. I\u2019m not blaming them. But every country because we had stupid people running our country,\u201d Trump said.<\/p>\n

The deal was signed during Trump\u2019s first term in office and in 2020. After signing the deal, he praised the trade agreement.<\/p>\n

\u201cIt\u2019s the best agreement we\u2019ve ever made,\u201d Trump had said<\/a> at the time.<\/p>\n

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This comes as U.S. Trade Representative Jamieson Greer told Politico<\/a> that Trump could either walk away from the deal or negotiate separate deals with both Canada and Mexico.<\/p>\n

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\u201cI mean, that\u2019s always a scenario,\u201d Greer said in an interview on Politico\u2019s podcast, The Conversation.<\/p>\n

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\u201cThe president\u2019s view is he only wants deals that are a good deal. The reason why we built a review period into USMCA was in case we needed to revise it, review it or exit it,\u201d he added.<\/p>\n

Under Article 34.7 of CUSMA<\/a>, during the review, all three countries will have to agree on whether to extend the agreement for another 16 years, with a new joint review set no later than in six years\u2019 time.<\/p>\n

If one country does not agree to the 16-year extension, then joint reviews will have to be held every year until a longer extension can be agreed to.<\/p>\n

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Article 34.6 of CUSMA states that any country can withdraw from the agreement at any time by providing written notice to the other parties, with the withdrawal taking effect six months later.<\/p>\n

\u201cIf a party withdraws, this agreement shall remain in force for the remaining parties,\u201d the text reads.<\/p>\n

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