Trump expected to refuse extension of North American trade agreement

President Donald Trump is expected to formally announce on Wednesday that the U.S. will not be extending the U.S.-Mexico-Canada Agreement (USMCA). 

The decision will begin untangling the U.S. from the 32-year-old North American free trade zones, Reuters reported. 

A six-year review session will follow the declaration, as required by a "sunset clause" Trump negotiated in his first term. That will do little to change the negotiations over the agreement's future. 

Trade officials from the U.S., Mexico and Canada are expected to hold a virtual meeting on Wednesday to decide whether they want to extend the agreement for another 16 years. 

A spokesperson for U.S. Trade Representative Jamieson Greer told Reuters he's made no formal announcement concerning his intentions on the USMCA, but he's scheduled a third round of negotiations with Mexico for July 20, which suggests he intends to keep pushing for changes.