Trump blows up the ‘best and most important deal ever’
Donald Trump declined to renew the US-Mexico-Canada trade agreement on July 2, citing unfair terms. His US Trade Representative, Jamieson Greer, highlighted a $197 billion trade deficit with Mexico and a $46.4 billion deficit with Canada as critical issues. The deal will face rolling annual reviews unless both countries agree to changes, injecting uncertainty into North American trade.
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Published 02 Jul 2026, 01:58 UTC · Updated 02 Jul 2026, 02:00 UTC
Summary by OZbrief Editorial. Original report: The Age. Editorial policy · Corrections
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