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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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Trump and Republicans Set Ambitious 100-Day Agenda with Focus on Tax Cuts


In a bold move, President-elect Donald Trump and the Republican majority in Congress are gearing up for an ambitious 100-day agenda, with tax cuts taking center stage. The plan aims to renew approximately $4 trillion in expiring GOP tax cuts, a hallmark of Trump's first term. 

House Majority Leader Steve Scalise emphasized the urgency of being prepared from Day 1, as GOP lawmakers have been meeting privately with Trump to outline their strategy. The proposed policies will reignite debates on America's priorities, income inequality, and the size and scope of government, especially given the mounting federal deficits nearing $2 trillion annually.

The tax cuts, initially passed in 2017, have significantly benefited higher-income households, with the top 1% receiving substantial reductions. As Republicans prepare to extend and enhance these cuts, they also plan to lower the corporate tax rate further and eliminate taxes on tips and overtime pay.

This ambitious agenda will test whether Trump and his allies can deliver the outcomes voters expect, having granted them control of both Congress and the White House.


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