The U.S. decision to decline the CUSMA extension means the trade pact remains fully active until 2036, but it now enters a phase of mandatory annual reviews that introduces prolonged economic uncertainty for Canada. Rather than an immediate termination or a clean 16-year renewal to 2042, U.S. Trade Representative Jamieson Greer blocked the extension during the July 1, 2026, joint review, citing the deal’s "shortcomings" and America's persistent trade deficits.
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