US President Donald Trump cast doubt on the future of the USMCA, stating that he might not extend it. According to Trump, without the tariffs he has imposed, many companies would have maintained or expanded their production in Mexico or Canada. He asserted that the tariffs applied during his administration have had a positive effect on the US economy, generating higher tax revenues and helping to reduce the national debt. He also highlighted the impact on the auto industry, saying that tariffs on cars and auto parts have led companies to move operations to US territory. Trump also accused Mexico and Canada of taking advantage of the trade relationship with the US for years and blamed the previous government for allowing it. The agreement, which expires in about a year, will either be extended for another 16 years or the annual evaluation will continue until 2036.
