USMCA is not ending now. The countdown may start anyway

The trade deal linking the U.S., Mexico, and Canada is up for review this week

and its future is getting a lot less certain. The president hints he's not planning to extend the deal he made his first term

Well, I'm not looking to renew it. I don't, you know, I mean, I made the deal

and the primary reason I made the deal is that NAFTA was the worst trade deal I've ever seen

That wouldn't kill the deal now, though it would leave it in limbo. not renewing would start a decade-long countdown where if the three countries don't agree to

changes, the pact expires on this day in 2036. However, the president does have termination in

his pocket, which would trigger a withdrawal within six months. The stakes are huge. The

United States, Canada, and Mexico account for nearly $2 trillion in trade together a year

about $5 billion a day. As for why the deal he negotiated isn't working, the biggest fight is

over cars. The U.S. wants stricter rules for North American auto production, including a new

requirement for 50 percent of U.S. content in North American-built vehicles. Oscar Ocampo

with the Mexican Institute for Competitiveness, called that a red line for both Canada and Mexico

Businesses say they want stability after months of shifting tariffs, while officials from all

three countries are expected to meet virtually today. Mexico and Canada have previously sought

to extend the deal, which doesn't appear to be on the table. Canadian Prime Minister

Mark Carney now says his priority is to work out new terms