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CUSMA Not Renewed: What the Trade Deal Impasse Means for Your Wallet

  July 2, 2026 | Trade & Economy The mandatory six-year review of Canada's most important trade agreement came and went this week — and it did not go the way Ottawa hoped. On July 1, U.S. Trade Representative Jamieson Greer confirmed that the United States will not renew the Canada-United States-Mexico Agreement (CUSMA) in its current form, sending the deal into a more uncertain, year-by-year footing right as Canadians are already navigating tariffs, a soft labour market, and a technical recession. Here is what actually happened, why it matters, and what it could mean for your budget in the months ahead. The short version CUSMA isn't dead. It remains legally in force until 2036. But instead of locking in a fresh 16-year term, the deal now shifts into annual reviews, with existing tariffs on steel, aluminum, autos and softwood lumber unresolved for now. What happened on July 1 CUSMA was built with a mandatory joint review every six years. If Canada, the U.S. and Mexico had a...
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Judge Rebukes Trump’s Lawyer for ‘Losing All Credibility’ in Hush Money Trial”

 

    

In a dramatic courtroom exchange, Judge Juan Merchan admonished former President Donald Trump’s lawyer, Todd Blanche, for what he deemed a lack of credibility during the ongoing criminal trial related to hush money payments. The trial centers around a 2016 payment made to adult film actress Stormy Daniels, allegedly to boost Trump’s electoral prospects.

Merchan expressed visible frustration with Blanche’s defense, stating, “You have presented nothing.” The judge further criticized Blanche’s assertion that Trump had carefully adhered to the gag order preventing him from publicly criticizing witnesses. “You’re losing all credibility with the court,” Merchan declared.

Blanche attempted to argue that Trump had not intended to violate the gag order, but Merchan remained unsatisfied. When Blanche suggested there were “two systems of justice” in the courtroom, referencing the imprisonment of Trump Organization CFO Allen Weisselberg, Merchan sharply responded, “Is that what you are saying?”

The contempt hearing intensified as Blanche defended Trump’s social media posts as mere responses to attacks, yet failed to provide clear examples. The trial continues to captivate the nation as it marks the first time a former U.S. president faces criminal charges.

Stay tuned for further developments in this historic case. 

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