The US has formally refused to extend the Canada-US-Mexico Agreement and will pursue annual renegotiations and bilateral protocols, with a July 20 meeting scheduled in Mexico City.USTR Jamieson Greer cited a $46.4B US goods deficit with Canada in 2025 and a $196.9B deficit with Mexico and said the administration will press changes to auto content rules, dairy access and streaming levies.Prime Minister
Mark Carney and Trade Minister
Dominic LeBlanc said technical talks continue while President
Claudia Sheinbaum and Mexican unions urged calm; analysts warned congressional politics and the midterm calendar will constrain rapid concessions.