Trump administration declines to extend USMCA, opening a path to its possible expiration in 2036

The Trump administration has declined to extend the USMCA trade agreement, which could expire in 2036 and potentially reshape wine trade between North America and Europe. This decision creates uncertainty for EU winemakers who currently benefit from preferential access to US markets under the agreement. The move could influence pricing and competition dynamics for European wines in North America over the coming years.