Story perspectives

Trump Administration Lets USMCA Expire, Auto Execs Demand Import Penalties

7/4/2026

Summary

Story summary

U.S. President Donald Trump's administration declined to extend the United States-Mexico-Canada Agreement (USMCA), causing it to lapse after its 2036 deadline and prompting talks.
Ford CEO Jim Farley said a new pact should penalize heavy importers.
Ford built 2 million U.S. vehicles in 2025—about 80 % of sales—and imported 378,000, a 6:1 ratio.
General Motors (GM) and Toyota imported 1.17 million and over 1.19 million vehicles respectively, representing 41 % and 47 % of U.S. sales.

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Story summary

U.S. President Donald Trump's administration declined to extend the United States-Mexico-Canada Agreement (USMCA), causing it to lapse after its 2036 deadline and prompting talks.
Ford CEO Jim Farley said a new pact should penalize heavy importers.
Ford built 2 million U.S. vehicles in 2025—about 80 % of sales—and imported 378,000, a 6:1 ratio.
General Motors (GM) and Toyota imported 1.17 million and over 1.19 million vehicles respectively, representing 41 % and 47 % of U.S. sales.