Trump Won't Renew USMCA: What Happens to U.S., Canada & Mexico Trade?

President Trump's decision not to renew the USMCA trade agreement is raising new questions about the future of North American trade. What happens next for the United States, Canada and Mexico? How could tariffs, manufacturing and the auto industry be affected?

Sean Callebs speaks with David Gantz, Will Clayton Fellow in Trade and International Economics at Rice University's Baker Institute for Public Policy, about the future of USMCA, cross-border manufacturing, trade deficits, investment uncertainty and what businesses should expect.

Topics covered:

• Why Trump refuses to renew USMCA • The role of trade deficits in U.S. policy • How tariffs could reshape manufacturing • Whether Canada and Mexico will diversify away from U.S. trade • What it means for automakers and supply chains • Why investors remain concerned about trade uncertainty

00:00 Trump Pulls Back From USMCA 00:20 Why Experts Saw This Coming 00:52 The Real Reason Trump Targets Trade Deficits 02:03 Will Annual Reviews Keep USMCA Alive? 02:53 Canada & Mexico Start Looking Beyond the U.S. 04:11 Could America Lose Trade Leverage? 04:44 Investors Brace for More Trade Uncertainty

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#bizshow #USMCA #Trump #Tariffs #Trade #Canada #Mexico #Manufacturing #Autos #Economy

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