Felicia Pullam, Peter Cuomo Q: North American negotiations are underway, when do you think the trade pact will be renewed? A: July 1’s trilateral review will pass without renewing the U.S.-Mexico-Canada (USMCA) agreement, which moves into annual reviews while remaining in force. Rather than a hard deadline, July 1 opens a longer bargaining period, with Washington and Mexico already in formal talks over specific revisions and Canada gearing up for more pragmatic negotiations.