Trump's indifferent attitude towards the US Mexico Canada agreement, $2 trillion trade facing uncertainty According to Golden Finance, on July 1st, as officials began reviewing the USMCA signed by US President Trump during his first term, the countdown to the expiration of this comprehensive trade agreement is about to begin. The USMCA, which came into effect six years ago, is the cornerstone supporting nearly $2 trillion in annual trade between the three countries. The agreement covers various commodities from Mexican steel to Canadian milk, and establishes detailed rules covering multiple areas such as automobile manufacturing, investor protection, intellectual property, and digital services. However, the agreement also has a clear deadline. Unlike its predecessor, the North American Free Trade Agreement, the USMCA includes a clause that requires the three countries to engage in negotiations on the renewal of the agreement starting this year. Regardless of whether revisions are made, unless reauthorized, the agreement will expire in 2036.