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Photo: Hector Vivas - FIFA/FIFA via Getty Images

Photo: Hector Vivas - FIFA/FIFA via Getty Images

The United States Has Opted Not to Extend the USMCA

The United States declined to renew the USMCA for another 16 years, triggering a decade of annual reviews. But the deal did not collapse. It now faces a slower, costlier threat: prolonged uncertainty that stalls investment across North America.

Commentary by CSIS Scholars — July 2, 2026