Trump Tariff Tracker – June 12, 2026

While the recent news cycle for the Trump Administration has been dominated by the conflict with Iran and the related effects it has had on oil prices, inflation and the economy in general, the Administration continues to push forward with its trade and tariff agenda. 

On Wednesday, June 10, President Trump said he was “not looking to renew” the U.S.-Mexico-Canada Agreement, claiming that the U.S. does not “need” either country as a trading partner. He said, “with Mexico and Canada, we have trade deficits. We should have surpluses with them. We don’t need their cars. We don’t need their lumber. We don’t need their energy. We don’t need anything.” The negotiations around the renewal of the USMCA are scheduled to take place next week in Washington, D.C. The USMCA will automatically expire on July 1, 2036, unless all three member countries agree to formally renew it for an additional 16-year term. If the parties do not agree this July to renew the agreement, the USMCA does not