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business · 3 outlets · 3 linked reports

Trump Lets USMCA Deadline Lapse as EU's 15% Tariff Takes Effect

2026-07-06

AI-assisted: summaries and questions may be incomplete or incorrect. Verify important details with the linked original reporting.

Summary

The US declined to extend its USMCA trade pact with Canada and Mexico by a July 1, 2026 deadline, opening a process that could mean a renegotiated deal or a run of annual reviews.
The same day, the EU's trade deal with the US took effect, applying a 15% tariff to most European imports after final EU approval in June.
Trump also threatened 100% tariffs on countries with digital-services taxes hitting US firms and opened a Section 301 probe of Germany over drug pricing.

The question

Trump's aggressive tariff strategy is reshaping global trade on US terms.

Original reporting

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