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Breaking Posted 2 hours ago

Trump declines USMCA renewal; trilateral trade deal at risk

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The Trump administration announced Wednesday it will not renew the USMCA with Canada and Mexico in its current form, with the renewal deadline passing immediately. USD/CAD and USD/MXN face volatility; uncertainty over North American trade terms threatens export-dependent sectors and may pressure the loonie and peso while supporting the dollar.
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37 minutes ago

US opts for annual USMCA reviews instead of renewal

The US will conduct annual reviews of the USMCA trade deal with Canada and Mexico rather than renew it outright, creating uncertainty for North American manufacturers. NAM president Timmons called the pact a success story despite the policy shift. USD/CAD and USD/MXN face volatility risk from this trade-policy uncertainty.

https://www.bloomberg.com/news/videos/2026-07-01/usmca-was-a-great-success-story-says-timmons-video
23 minutes ago

US blocks 16-year North America trade deal renewal

The US has blocked a long-term renewal of the North American trade agreement, forcing annual rolling reviews instead of a 16-year extension. This creates uncertainty for USD/CAD and USD/MXN as tariff risk rises and trade stability deteriorates between the three nations, pressuring the Canadian and Mexican currencies.

https://www.bbc.co.uk/news/articles/ce8j2lmrvrdo?at_medium=RSS&at_campaign=rss
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@asuquokelvin · 29 minutes ago

Trade rules got tossed into the blender, markets grabbed the popcorn, and volatility immediately declared itself the main character.

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