The United States, Canada and Mexico are set to meet on 1 July to decide the future of the United States‑Mexico‑Canada Agreement (USMCA). Trade representatives from the three countries will meet formally for the first time since a review of the USMCA began earlier this year. Canada and Mexico have indicated they want the agreement renewed, while the United States has not yet stated its position. President Donald Trump said the deal could expire immediately, arguing the United States would be better off without it. The 1 July deadline is expected to pass without a formal decision, according to officials from all three nations. The current USMCA agreement, negotiated during the first Trump administration, replaced the North American Free Trade Agreement and underpins nearly $1.6 trillion in annual trade between the United States, Canada and Mexico. It supports millions of jobs and integrates key sectors such as the auto industry, and it provides Canada and Mexico with an exemption from most US tariffs. Since the review started, the United States has conducted separate talks with Canada and Mexico to address a list of trade irritants. Canada and Mexico have announced additional bilateral talks later this month, while the United States and Canada have not held a joint meeting since the review began. Members of a Canada‑US trade advisory committee appointed by Prime Minister Mark Carney said the United States' demands on Canada are fewer than those on Mexico and that negotiations are ongoing. US demands include greater access for American producers to Canada's dairy market, removal of Canadian taxes on major US streaming companies, and a reversal of provincial boycotts on US alcohol that were imposed in response to Trump's tariffs. The United States is also discussing tighter rules of origin for North American‑made vehicles with Mexico, raising the possibility of similar demands on Canada. Canadian officials have presented specific proposals to address US concerns, according to trade minister Dominic LeBlanc and chief negotiator Janice Charette. A major sticking point for Canada is US tariffs on steel, aluminium and automobiles. Canadian business leaders have said they are willing to wait for a satisfactory agreement, even if it extends beyond the 1 July deadline. Dennis Darby, president of Canadian Manufacturers and Exporters, said the majority of businesses are prepared to endure short‑term pain for a longer‑term deal. Previous negotiations came close to an agreement in October, but an anti‑tariff advertisement run by Ontario angered Trump, according to US ambassador to Canada Pete Hoekstra. Hoekstra said the talks were near completion before the dispute derailed progress. If the 1 July deadline is missed, the USMCA will remain in force for another ten years until its scheduled expiry in 2036. The three countries can either agree to renew the pact for an additional sixteen years, extending it to 2042; they can continue annual reviews until the pact expires; or a party may notify the others of its intention to withdraw, giving a six‑month notice. Business leaders believe an outright withdrawal is unlikely, noting that all parties recognize the pact's benefits. Carney said Trump's dislike of the USMCA is well known, but US negotiators have acknowledged the agreement's solid underlying structure. Trump has made contradictory statements, saying he is not looking to renew the pact while also indicating he is open to leaving it. The final decision on the agreement's future is expected to rest with the US president. The outcome remains uncertain as negotiations continue past the 1 July date.