- U.S.–Mexico interim agreement
- If the United States and Mexico reach, as an outcome of the 2026 USMCA review negotiations, a written interim or framework agreement establishing at least one material new or revised commitment concerning the operation, implementation, or revision of USMCA, where the agreement is not limited to withdrawing, suspending, or avoiding unilateral tariffs or retaliatory measures after Issuance and before Jan 1, 2027, then the market resolves to Yes.
- U.S.–Canada interim agreement
- If the United States and Canada reach, as an outcome of the 2026 USMCA review negotiations, a written interim or framework agreement establishing at least one material new or revised commitment concerning the operation, implementation, or revision of USMCA, where the agreement is not limited to withdrawing, suspending, or avoiding unilateral tariffs or retaliatory measures after Issuance and before Jan 1, 2027, then the market resolves to Yes.
- Trilateral revised deal
- If the United States, Mexico, and Canada jointly announce, as an outcome of the 2026 USMCA review negotiations, an agreement in principle establishing at least one material new or revised commitment concerning the operation, implementation, or revision of USMCA while preserving it as a trilateral agreement, where the agreement is not limited to withdrawing, suspending, or avoiding unilateral tariffs or retaliatory measures after Issuance and before Jan 1, 2027, then the market resolves to Yes.
- U.S. withdrawal notice
- If the United States provides Canada and Mexico written notice of withdrawal from USMCA under Article 34.6 after Issuance and before Jan 1, 2027, then the market resolves to Yes.
- Formal 16-year extension
- If the United States, Mexico, and Canada each provide the written head-of-government confirmation required by Article 34.7 to extend USMCA for another 16-year term after Issuance and before Jan 1, 2027, then the market resolves to Yes.
- Formal USMCA amendment
- If an amendment to USMCA enters into force under Article 34.3 after Issuance and before Jan 1, 2027, then the market resolves to Yes.
- Canadian withdrawal notice
- If Canada provides the United States and Mexico written notice of withdrawal from USMCA under Article 34.6 after Issuance and before Jan 1, 2027, then the market resolves to Yes.
- Mexican withdrawal notice
- If Mexico provides the United States and Canada written notice of withdrawal from USMCA under Article 34.6 after Issuance and before Jan 1, 2027, then the market resolves to Yes.