DescriptionOn September 24, 2025, Canadian officials confirmed that discussions with the United States will enter the mandated USMCA review process. This review is a key milestone in evaluating the trade pact that underpins economic relations across North America. Will the United States and Canada formally launch the USMCA review process on or before 20 December 2025? This Event Outcome will Settle to “Yes” if either government, or the USMCA Secretariat, officially announces the launch of the review process. It will Settle to “No” if no such announcement is made on or before the Event Date Close. Will not count: Media speculation, analyst commentary, or unrelated bilateral talks outside the USMCA framework will not count. The primary source for this Event Outcome will be US and Canadian government publications or the USMCA Secretariat. The Event Outcome is a Prediction on whether North America’s largest trade agreement will formally begin its scheduled review process within 2025.