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Fears of U.S. terminating CUSMA grow
Hello, I’m a member of the live page team. Canadian business and policy groups are speaking at the CUSMA hearings in Washington, as fears grow U.S. President Donald Trump could pull the plug on the trade deal altogether.
Today, representatives from some of the Canadian industries hardest hit by tariffs will be testifying — including steel and aluminum manufacturer associations, as well as from the automotive and aviation industries.
My colleague Mike Crawley has been attending the hearings and reported yesterday that speaker after speaker called for an extension of the agreement (called USMCA in the U.S.), emphasizing how its free trade terms have boosted revenues through access to both Canadian and Mexican markets.
While the witnesses were testifying about the agreement on Wednesday, a reporter asked Trump for his position on renegotiating it.
“We’ll either let it expire, or we’ll maybe work out another deal with Mexico and Canada,” Trump said at the White House.
The agreement is up for review by July 2026, and set to expire in 2036.
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