U.S. Commerce Secretary Howard Lutnick indicated that President Trump is set to revise the USMCA agreement in mid-2026 to secure additional jobs for American workers.
Trump's Plans for USMCA Revision
According to Secretary of Commerce Howard Lutnick on CBS, Trump aims to review the rules of the USMCA which can be evaluated every six years. This reassessment is scheduled for July 2026. Lutnick emphasized that Trump seeks to bring back vehicle parts production to the U.S., particularly to Michigan and Ohio, highlighting the president’s desire to 'protect American jobs.'
Historic Two Weeks for US Trade
Lutnick also predicted that the next two weeks will be a significant period for U.S. trade. The administration has warned 25 trading partners that should no agreements be reached by August 1, they will face higher tariffs on U.S. imports. He mentioned that these measures have pressured countries to enter negotiations.
New Tariffs and Their Impact
According to Lutnick, smaller nations might face a 10 percent baseline fee, while larger partners could encounter more severe conditions. Trump has also warned of potential tariff increases on EU goods. Meanwhile, products under the USMCA will be exempt from these new charges.
The revision of the USMCA in 2026 and the upcoming tariff changes could significantly impact U.S. trade and economy. These measures are expected to enhance job protection and stimulate negotiations with trade partners.
