US blocks long-term renewal of North American trade deal

The United States has blocked a proposed 16-year renewal of the North American trade deal, effectively preventing long-term stability for the agreement. Instead of a multi-year extension, the deal will now be subject to annual rolling reviews, creating a cycle of frequent renegotiations. This decision introduces significant uncertainty for trade relations between the U.S., Canada, and Mexico, as businesses and governments must now prepare for yearly assessments rather than relying on a long-term framework.