The Globe and Mail reports in its Thursday edition that the Trump administration has declined to renew the U.S.-Mexico-Canada Agreement, extending uncertainty for businesses across North America and setting the stage for protracted negotiations. The Globe's Mark Rendell and Adrian Morrow write that officials from the three countries met virtually on Wednesday for a mandated six-year review of the trade pact, which was negotiated during President Donald Trump's first term in office and which governs $2.5-trillion worth of trade across the continent. Dominic LeBlanc, the minister responsible for Canada-U.S. trade, and Mexico's Marcelo Ebrard advocated for a 16-year extension. U.S. Trade Representative Jamieson Greer said in a statement that Washington had decided not to renew the agreement "in its current form." The decision was expected, and it does not mean the trade pact will expire any time soon. Under the terms of the USMCA, non-renewal means the treaty remains in effect but moves into a period of annual reviews for the next 10 years. Trade negotiations are expected to continue through the summer; if no agreement is reached by 2036, the deal expires. Parties can also withdraw from the treaty with six months notice.