The US won't renew USMCA as is, citing trade deficits with Canada and Mexico. Multiple outlets are covering this, and it signals a major renegotiation ahead.
politicsThursday, July 2, 2026
US refuses to renew USMCA trade deal
The US says it won't renew the USMCA trade pact as is, kicking off a new North American trade fight. Meanwhile, Trump's crypto billions, Newsom's tax loophole attack, and the war in Iran's energy fallout round out a busy day in politics.
Trade and tariffs
The biggest story today is the US walking away from the USMCA renewal, with ripple effects for North American trade.

A UK-US trade deal could force the NHS to spend £45bn more on US drugs, leading to 229,000 excess deaths in England, per analysis.
Money and power
Two stories show how money flows through politics: Trump's crypto windfall and Newsom's attack on a wealth loophole.
Trump's latest financial disclosure shows he made $1.2 billion from crypto last year, dwarfing his real estate income, thanks to his administration's friendly policies.
Newsom wants to ban the 'buy, borrow, die' tax strategy that lets the ultra-rich avoid capital gains taxes by borrowing against assets and passing them to heirs.
Global shifts
The war on Iran is reshaping energy and geopolitics, while Europe's rearmament faces a deadline dilemma.
The US-Israel war on Iran has disrupted global energy, with oil price swings and a scramble for alternative routes as Iran controls the Strait of Hormuz.
Also today15
‘It is comforting to be haunted’: how attitudes to abortion have changed through the ageswww.theguardian.com
El doble assassinat de Guillem Agullóllegim.ara.cat
The Secret History of Polymarket – Part 1unlimitedhangout.com
The Teen Believers in Christian Nationalismwww.newyorker.com
Inside the Trump Administration’s Man-Made Hunger Crisiswww.propublica.org
Gridlocked: How Public Power Can Build the Grid of the Future and Lower Bills Now - Groundwork Collaborativegroundworkcollaborative.org
Trump’s war in the Middle East has one clear winner: Chinawww.motherjones.com
A report by the geopolitical consulting firm Asia Group concludes that China has emerged as the sole winner in Asia from the Strait of Hormuz crisis. While the Middle Eastern waterway closure caused a global commodities crisis, China weathered the energy shock and is now gaining
Venezuela impede acesso a local onde morreram deportados dos EUAwww1.folha.uol.com.br
A reportagem acompanha a saga de Yeison Lamus, que viaja pela Venezuela em busca do irmão Jhonattan, um imigrante deportado dos EUA que desapareceu após ser alocado pelo Estado venezuelano em uma área que desabou durante os terremotos em La Guaira. Ao tentar acessar o local do de
Andy Burnham promises hope. Britain needs more than thatecon.st
This article is a critical leader/opinion piece about UK Labour leader Keir Starmer (not Andy Burnham, despite the title). It argues that Starmer's cautious, managerial approach and promise of "hope" is insufficient for the scale and urgency of Britain's challenges. The piece con
Bookchat: Romancing the Vote 2026www.dailykos.com
This Bookchat post discusses Romancing the Vote, a grassroots fundraising initiative by authors and book lovers that began with the Georgia Senate runoff elections (Romancing the Runoff) and has since raised over $1 million for Democratic candidates through online auctions. The p
Deterrence has a deadline | Euractivwww.euractiv.com
Europe's rearmament debate is caught between two competing priorities: military leaders who want to acquire the best weapons as quickly as possible to deter a potential Russian attack by 2028, and politicians who want defence spending to strengthen Europe's industrial base, reduc
Four years into Ukraine invasion, Russia turns influence-ops back to US and Europewww.theregister.com
Google Threat Intelligence reports that Russian influence operations, four years into the Ukraine invasion, are shifting focus back to the US and Europe. The operations now target political stability and transatlantic unity through covert cyber-ops, moving beyond their previous n
AOC calls for forced ‘break up’ of big tech to protect consumerswww.independent.co.uk
Rep. Alexandria Ocasio-Cortez (D-NY) renewed her call to break up major technology companies like Apple, arguing in a Fox News interview that these firms wield unchecked power and behave like governments. She advocates for aggressive antitrust enforcement to protect consumers and
Diálogos entre Vorcaro e publicitário mostram ordem de devassa contra jornalistawww1.folha.uol.com.br
O ex-banqueiro Daniel Vorcaro (Banco Master) e o publicitário Thiago Miranda (agência Mithi) articularam uma operação para obter dados privados da jornalista Malu Gaspar, colunista do jornal O Globo, com o objetivo de "frear" seu trabalho jornalístico. As mensagens, obtidas pela
‘Het einde van het Westen hoeft geen drama te zijn’www.groene.nl
Amitav Acharya, a scholar of civilization and international relations, argues that the era of Western hegemony and rival great powers is ending — and that this is not necessarily a tragedy. In a year when the US celebrates 250 years since independence, Acharya reflects on how the
More roundups that day
Trump's crypto empire draws ethics fire
Kafka's early life and literary history
Amazon custom AI chips, GitHub license tool
