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The John Batchelor Show

S8 Ep1099: Mary Anastasia O'Grady. O'Grady explains that Trump's refusal to renew USMCA creates investor uncertainty but no immediate trade changes. She highlights the agreement's necessity for North American manufacturing and agricultural competitiveness against MM

The John Batchelor Show

John Batchelor

Arts, Society & Culture, News, Books

4.52.8K Ratings

🗓️ 7 July 2026

⏱️ 9 minutes

🧾️ Download transcript

Summary

Mary Anastasia O'Grady. O'Grady explains that Trump's refusal to renew USMCA creates investor uncertainty but no immediate trade changes. She highlights the agreement's necessity for North American manufacturing and agricultural competitiveness against global economic rivals. (13)
1920

Transcript

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0:00.0

I'm John Batchler, the U.S.M.C.A. United States, Mexico, and Canada, what is to be done? Right now, the Trump

0:23.2

administration has indicated it will not extend the U.S. participation in the U.S.MCA as of now.

0:31.1

I need explanation on this because there are lots of caveats and details here that were

0:36.7

originally set up in 2020 when the USMCA made his debut.

0:41.9

Mary Anastasia Grady's column for the Wall Street Journal is my guide here because the details are overwhelming.

0:49.8

Mary, a very good evening to you.

0:51.3

Thank you for this.

0:52.6

The USMCA has not been extended by the Trump administration. However, there are reasons to believe the negotiations will continue for some time. What are the rules, Mary? Good evening to you.

1:04.2

Well, good evening, John. When Donald Trump renegotiated the North American Free Trade Agreement and renamed it, USMCA.

1:11.6

He put a provision in there where he said, in six years from 2020, there will be a review of the agreement.

1:20.7

And if all three parties agree that the agreement should continue, all three parties will sign, and the agreement will continue

1:29.0

for another 16 years. So that was one bad component of the agreement because, you know,

1:36.7

it introduces a lot of uncertainty. So we're at that six-year period, and there's been a review,

1:43.0

and yesterday, not yesterday, I'm sorry, last week,

1:46.4

July 1st, Donald Trump announced he would not sign for another 16 years. So Mexico and Canada

1:54.1

have already said they would sign, but Trump says, no, I will not sign. Now, that's a big

2:00.2

headline in the papers last week, but what you actually have happening

2:04.2

is no change at all.

2:06.7

Nothing changes according to the agreement.

2:10.1

And nothing will change.

2:11.6

He can continue negotiating today, tomorrow, next week, next month, and so forth.

2:17.3

And if they don't come to any kind of an agreement, next year, a year from now,

...

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