Trump says US might not renew trade deal with Mexico and Canada

AI Summary

U.S. President Donald Trump indicated that the United States might not renew its free trade agreement with Canada and Mexico amid concerns over trade deficits. The agreement requires approval from all three countries by July 1 to be renewed; otherwise, an exit process could begin that lasts a decade to allow for renegotiations.

US ⁠President Donald Trump ⁠said on Wednesday that the United States ⁠might not renew its free trade agreement with Canada and Mexico and criticised trade deficits with those countries, although he said he was talking with their leaders about the matter. The three countries need to approve ‌a renewal of their existing agreement by July 1 or signal their intention to exit the pact, a process that would take 10 years and would buy time for alterations. “I’m not looking to renew it,” Trump said at...