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CUSMA Renewal Deadline Passes: What It Means for Your Wallet

  July 8, 2026 July 1 came and went without a full renewal of the Canada-United States-Mexico Agreement (CUSMA). Instead of locking in another 16-year term, the United States chose not to extend the deal in its current form, which means the trade pact now shifts into an annual review process for the next decade. Here's what that actually means for your money. What just happened All three countries had until July 1 to say whether they wanted to renew CUSMA. Because Washington opted against a full renewal, the agreement now gets reviewed annually rather than being locked in for over a decade. Canada's Trade Minister Dominic LeBlanc confirmed the three countries agreed to keep talking, with Canada specifically pushing to address sectoral tariffs on steel, aluminum, autos, and lumber. Any of the three countries can still walk away entirely with six months' notice. The good news: most trade stays tariff-free For now, the status quo holds. The bulk of Canadian exports to the U.S....
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Judge Holds Trump in Contempt, Fines Him $9,000 in Hush Money Trial

 

Former President Donald Trump faced a stinging rebuke in court today as Judge Juan M. Merchan held him in contempt and fined him $9,000. The charges stem from Trump’s repeated violations of a gag order that barred him from making public statements about witnesses, jurors, and others connected to his New York hush money case. Prosecutors had alleged ten violations, but the judge found nine to be substantiated.

The historic trial centers around Manhattan prosecutors’ claims that Trump and his associates participated in an illegal scheme to influence the 2016 presidential campaign by burying negative stories. The allegations involve hush money payments and attempts to suppress unflattering rumors and claims about Trump and women. Trump has pleaded not guilty to the charges.

The courtroom was tense as Trump, accompanied by his son Eric, faced the consequences of his actions. The judge’s warning loomed: if Trump violates the gag order again, he could face jail time.

Prosecutors are meticulously building their case, relying on detailed testimony about email exchanges, business transactions, and bank accounts. Their argument is that Trump is guilty of 34 felony counts of falsifying business records in connection with the hush money payments. The trial is leading up to crucial testimony from Trump’s former attorney, Michael Cohen, who went to federal prison after pleading guilty to campaign finance violations and other crimes.

As the trial unfolds, the world watches closely, witnessing a former U.S. president facing criminal charges in a courtroom. The outcome will have far-reaching implications, shaping the legacy of a presidency marked by controversy and legal battles. Stay tuned for further updates as the trial continues.

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