The US has declined to renew the landmark US-Mexico-Canada Agreement (USMCA) in its current form, according to a senior US official.

This decision means the trilateral trade pact will miss out on an automatic 16-year extension.

The official said the administration “chose not to rubber stamp a USMCA renewal without addressing existing issues,” and “the United States did not agree to renew the USMCA in its current form”.

If the countries fail to unanimously agree to renew the agreement, “it essentially sets a ten year shot lock to termination,” per the official.

Under the pact guidelines, each country must decide whether to renew the agreement for another 16-year term.

While the free trade deal remains in place for now, the lack of a long-term commitment creates fresh economic uncertainty across North America.

The agreement, which underpins around $2tn (£1.5tn ) in trade each year, is facing pressure over unresolved disputes. US trade officials are pushing for major changes before committing to a long-term extension.

Washington has consistently raised concerns over automotive rules of origin, dairy market access, and stopping third-party countries like China from exploiting the regional agreement.

Under the USMCA’s original terms, unanimous agreement on an extension would have seen the trade deal kept in place until 2042.

The US opting out will force the nations to meet every year to negotiate changes. Business groups across the continent had called for the pact to be extended. The decision also kicks off a ten-year countdown towards the deal expiring as early as 2036.

The US Chamber of Commerce had warned that sectors such as manufacturing and agriculture rely heavily on cross-border certainty.

However, US domestic trade groups such as the American Iron and Steel Institute and the Steel Manufacturers Association have welcomed the shift, arguing annual reviews give American negotiators leverage to fix parts of the deal.

The friction comes six years after the USMCA entered into force, replacing the 1994 North American Free Trade Agreement (NAFTA).

It updated rules around digital trade, workers’ rights, and regional manufacturing, specifically requiring more vehicle parts to be made within North America.

Months before New York City approved a historic two-year rent freeze, Google co-founder Sergey Brin quietly exited a struggling real estate fund at a steep loss.

In December, Brin sold his stake back to A&E Real Estate, the fund’s manager, for six cents on the dollar, according to documents obtained by Bloomberg.

The fund holds 5,900 rent-stabilized apartments, with Brin’s stake being valued at roughly $79 million, a drop in the bucket when viewed next to his $280 billion net worth.

“A&E bought out one of our long-term investors, who was willing to accept six cents on the dollar on their original equity investment to divest itself from the New York City multifamily sector,” a company representative told Bloomberg in a statement.

SERGEY BRIN SPENDS $500K TO FIGHT TAX-TARGETING COMPANIES WITH HIGH-PAID EXECUTIVES

Sergey Brin at The 11th Breakthrough Prize Ceremony held at Barker Hanger on April 5, 2025, in Santa Monica, California. (Gilbert Flores/Variety via Getty Images / Getty Images)

“The simple and deeply troubling fact for renters is that institutional capital – both equity investors and lenders – are fleeing New York City’s rent-stabilized apartment sector,” the A&E representative continued, according to Bloomberg. “They understand New York is in a doom loop.”

It is not clear how much Brin, 52, initially invested, what percentage of the fund he owned or how much A&E paid to recapture the billionaire’s stake.

Brin’s exodus from the New York City rental market came a month after Zohran Mamdani was elected mayor on a platform of freezing the rent for 1 million rent-stabilized units for the duration of his term.

SERGEY BRIN CONFRONTED GAVIN NEWSOM AT PARTY BEFORE DITCHING CALIFORNIA OVER BILLIONAIRE TAX

New York City Mayor Zohran Mamdani speaks at a rally at a Manhattan union headquarters on June 25, 2026. (Spencer Platt/Getty Images / Getty Images)

Mamdani followed through on that promise last week, when the Rent Guidelines Board voted to cap rent increases at 0% for stabilized leases signed or renewed between Oct. 1, 2026, and Sept. 30, 2027. Mamdani appointed six of the nine current members to the board.

A&E Real Estate, one of the largest multifamily landlords in New York City, was struggling financially long before the latest rent freeze.

State legislation passed in 2019 imposed new restrictions that made it harder to raise rents. The pandemic hit in 2020, bringing with it a strict eviction ban that prevented landlords from removing tenants for non-payment.

SPENCER PRATT RIDES BIG TECH’S RIGHTWARD WAVE AS SERGEY BRIN OPENS WALLET

New York City skyline as viewed from Midtown Manhattan. (Bloomberg / Getty Images)

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A&E told Bloomberg that these factors contributed to operating costs jumping 78% in the last decade, which surpasses rent growth over the same period. A&E said it is owed $84 million in unpaid rent.

City leadership has also had their eye on A&E. In January, the firm settled with the city for $2.1 million to address tenant harassment and hazardous conditions in 14 buildings across Brooklyn, Manhattan and Queens.

A&E said that it has invested more than $800 million to make capital improvements in its buildings, according to Bloomberg.

FOX Business reached out to A&E for further comment.

SANTA CLARA, Calif. — The United States men’s national team enters its most important match in more than two decades Wednesday night when it hosts Bosnia-Herzegovina in the Round of 32 at Levi’s Stadium, a win-or-go-home moment that represents the clearest opportunity this generation of American players has had to erase a 24-year drought without a World Cup knockout victory.

Kickoff is scheduled for 8 p.m. ET. Should they beat Bosnia, it would be only the second U.S. World Cup knockout win ever, after a 2-0 victory over Mexico in 2002.

The United States finished atop Group D with six points, comfortably booking their knockout spot with a 4-1 win over Paraguay and a 2-0 victory over Australia before rotating heavily for an inconsequential 3-2 loss to Turkey in the group finale. Mauricio Pochettino’s side has been one of the more dynamic attacking teams of the tournament’s opening phase, with their first two group matches alone producing six goals, and with the knockout stage now beginning, the full arsenal is available again.

Yellow cards have been wiped clean, meaning Tyler Adams, Weston McKennie, Chris Richards and Folarin Balogun are all available. Christian Pulisic also returns, while both Tim Ream and Antonee Robinson are rested and refreshed.

The most anticipated aspect of Wednesday’s lineup is the reunion of Pulisic and Balogun in the starting eleven together for the first time in any meaningful capacity at this tournament. Pulisic suffered a calf injury in the group stage, limiting him to 45 minutes against Paraguay and a half-hour substitute appearance against Turkey, while Balogun was deliberately rested for the Turkey match to avoid accumulating a yellow card that would have triggered a suspension in the knockout rounds. The two attackers appeared together for only 45 minutes across the group stage.

Pulisic told reporters on Tuesday that he is “feeling good.” The expectation is that he will start against Bosnia and Herzegovina and be the star this team needs to keep pushing through the World Cup.

Balogun called for the team’s big players to step forward, saying: “The knockout stage is the time when big players step forward, and the big players carry the pressure and make things happen.”

Balogun enters Wednesday having scored twice at the tournament so far and leads the American scoring charts heading into the knockout rounds. The Monaco striker’s movement off the ball and ability to time runs in behind central defenders has been a consistent threat across the group stage, and with Pulisic now fully available to operate in the left half-space and drive at opponents, the combination gives Pochettino’s attack a dimension that was absent during the injury-affected group stage.

The predicted U.S. lineup in a 4-2-3-1 formation places Balogun leading the line, Pulisic and Dest wide, McKennie advanced and Adams screening alongside Tillman. The defensive unit features Freeman, Richards, Ream and Robinson across the back line.

The tactical identity Pochettino has established centers on the right side of the field, where Alex Freeman, Sergino Dest and McKennie have created consistent overloads that have proved difficult for opponents to handle. Freeman, one of the tournament’s breakout performers, has already established himself as one of the more surprising individual stories of the competition, showcasing a combination of defensive discipline and attacking instinct along the right flank that few observers had fully anticipated heading into the tournament.

Bosnia-Herzegovina arrive in Santa Clara having qualified for the knockout rounds for the first time in the nation’s history as an independent football-playing nation, an achievement that head coach Sergej Barbarez and his squad have every reason to celebrate even before kickoff. Their group stage record was uneven, with a 1-1 draw against Canada followed by a 4-1 hammering at the hands of Switzerland and then a 3-1 victory over Qatar securing their third-place passage as one of the eight best third-placed finishers across the 12 groups.

Bosnia and Herzegovina have never kept a clean sheet in their six World Cup matches — no side has ever played more at the finals without one. But Bosnia’s strength lies in its physicality, with the squad the tallest at the tournament with an average height of 1.85 meters. They have made good use of that towering presence, scoring three goals from corners.

Captaining Bosnia is 40-year-old striker Edin Dzeko, widely regarded as the greatest player in the country’s football history with 73 international goals. USA captain Tim Ream said his team are wary of the Balkan nation’s talent, especially after they knocked out four-time world champions Italy in the World Cup qualifiers.

One player to watch particularly closely on the Bosnian side is 18-year-old Kerim Alajbegovic, the RB Salzburg winger who started two of Bosnia’s three group stage matches and whose pace and creativity represent Bosnia’s primary threat in transition. Ermedin Demirovic, who scored 12 Bundesliga goals for Stuttgart this past season, will start up front alongside Dzeko, giving Bosnia a physical and productive partnership capable of testing the American central defenders in both open play and on set pieces.

Opta’s supercomputer calculated a 67.5% chance of USA winning and a 76.6% chance of the Americans progressing via any method, including penalties. The second-most likely result was a draw at 18.3%, followed by a Bosnia win in 14.3% of simulations.

Betting markets reflect that advantage. The USMNT are installed as -650 favorites to advance, meaning a $650 bet returns $100, while Bosnia are listed at +430. The over/under for total goals in regulation is set at 2.5, with the over priced at -138, consistent with a tournament in which the U.S. and Bosnia’s combined group stage matches produced 23 total goals.

The winner advances to the Round of 16 on Monday, July 6 in Seattle, where they will face either Belgium or Senegal following Wednesday’s later match at Lumen Field in that city.

Manager Commentary

As of 03/31/2026

“Relative to the end of last year, our assessment of the macro backdrop has become more cautious, as higher energy prices, tighter liquidity conditions, and rising inflation pressures have created a more challenging environment

Trump’s various lawsuits against media companies netted him $86.5m last year.

The largest payout came from Meta, the owner of Facebook and Instagram. The filing shows that the company gave the president $24.5m to settle a lawsuit over Trump’s accounts being suspended in the wake of the riots in the Washington DC on 6 January 2021.

Suits against Paramount, owner of the CBS news channel, and ABC News resulted in payouts of $16m apiece.

According to the disclosure, the net proceeds of the lawsuits will go to the Trump presidential library.

Trump also received $22m from YouTube to settle a case he brought over his account being suspended on that platform after the riots in 2021.

That money will be given to the trust that manages the National Mall in DC.

There was payment of $8m to Trump from Jack Dorsey, the co-founder of Twitter – now called X after being bought by Elon Musk – after the president was banned from the platform after the riots.

The documents do not say what that money will be used for.

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Foreign investment risks in Indonesia vary across regions due to infrastructure disparities, congestion, regulation, and supplier performance, demanding localized intelligence for optimal supply chain and site decisions.

Assessing Indonesia’s Supply Chain Risks

Foreign investors often evaluate Indonesia’s logistics by analyzing national indicators and regulations. However, the country’s archipelagic geography, decentralized governance, and uneven infrastructure can pose significant risks at the provincial and district levels. Variations in port capacity, transportation reliability, licensing procedures, and supplier stability mean that localized issues may strongly impact overall supply chain performance.

Regional Variations in Logistics and Operating Costs

Tier-1 regions such as Jakarta, Surabaya, Batam, and Bekasi boast better connectivity but face challenges like congestion, industrial saturation, and tight labor markets. These factors may increase operational costs and prolong delivery cycles. For example, Tanjung Priok port, which handles over half of Indonesia’s international container traffic, exemplifies the pressure points that can disrupt planning in key hubs.

Evolving Infrastructure and Performance Factors

Tier-2 regions like Makassar, Medan, and Palembang typically offer lower costs but lack comprehensive multimodal links and bonded facilities, affecting reliability. As infrastructure projects, including toll roads, port upgrades, and the new capital Nusantara unfold, regional conditions will shift. Without localized insight, investors risk selecting sites that seem viable but may not perform as expected, especially where supply chains are complex and opaque.