Trump says CUSMA could ‘expire immediately’ as Canada and Mexico push for extension

US President Donald Trump has again raised questions about the future of the Canada-United States-Mexico Agreement (CUSMA), suggesting the trade pact could "expire immediately" despite the agreement remaining valid until 2036.

Speaking to reporters at Orly Airport near Paris after the G7 Summit, Trump said he was "not looking to renew" the deal and claimed the United States would "do better" without it.

However, the agreement, which came into force in 2020, covers around US$2.7 trillion in annual trade and remains in place for another decade.

Under its terms, any member can withdraw by giving six months' written notice.

Business groups in the United States have argued that the deal has strengthened the economy.

The Business Roundtable said trade with Canada and Mexico supports 13 million American jobs.

Trump's criticism contrasts with his praise when he signed the agreement during his first term in 2020.

"The USMCA is the largest, fairest, most balanced, and modern trade agreement ever achieved. There’s never been anything like it," Trump said at the time.

Canada and Mexico have backed extending the agreement, while Washington has not formally announced its position.

According to the news source, negotiations on updating the pact are already under way, with industry groups urging the three countries to preserve the deal.