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The CUSMA Countdown: 24 Days to a Trade Deadline That Could Hit Your Wallet

Canada's free trade deal with the U.S. hits a mandatory review milestone on July 1. With negotiations unresolved and Washington demanding changes, here's what it actually means for your groceries, your car, and your job. MoneySavings.ca Staff Canadian Money Brief June 7, 2026 5 min read What Is CUSMA and Why Does July 1 Matter? CUSMA — the Canada-United States-Mexico Agreement — is the trade deal that keeps the North American economy humming. It replaced NAFTA in 2020 and governs the movement of trillions of dollars in goods and services across the Canada-U.S. border every year. For Canadian consumers, it's largely invisible — until it isn't. Built into the agreement is a mandatory six-year joint review, and that clock expires on July 1, 2026 . By that date, all three countries must declare whether they want to renew the deal for another 16 years, trigger annual reviews, or walk away. Whatever they decide, CUSMA technically stays in force until 2036 — but the path chose...
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Trump's Bold Tariff Threat to BRIC Nations: A Move to Protect the U.S. Dollar


In a recent statement, President-elect Donald Trump has issued a stern warning to the BRIC bloc of nations, threatening a 100% tariff on their goods if they take any actions to undermine the U.S. dollar. The BRIC alliance, which includes Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates, has been exploring ways to reduce their reliance on the U.S. dollar in global trade.

Trump's declaration comes amid growing discussions among BRIC nations about creating a new currency to challenge the dollar's dominance. This move, known as de-dollarization, aims to establish alternative trading channels and potentially implement a single currency for intra-BRIC trade. Trump, known for his protectionist stance, emphasized that any attempt to weaken the U.S. dollar would be met with swift and decisive action.

The BRIC nations collectively account for a significant portion of the world's GDP and population, making their economic policies highly influential on the global stage. Trump's proposed tariffs could have major economic consequences, potentially raising costs for American businesses and consumers while escalating international trade tensions.

As the world watches, the future of the U.S. dollar's dominance and the potential impact of Trump's tariff threats remain uncertain. The geopolitical landscape continues to evolve, with the BRIC nations seeking to assert their economic independence and the U.S. striving to maintain its financial supremacy.

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