Why The U.S. Needs USMCA More Than Ever
Derailing or failing to successfully review the trade agreement will only benefit China’s and Russia’s global ambitions.
As President-elect Donald Trump nears his inauguration, some fear his ascent to power will lead to the end of the USMCA North American trade agreement. Weeks ago, his threat of 25% tariffs on imports from Mexico and Canada triggered understandable anxiety. Bearish scenarios call for caution: starting a trade war against neighbors and dismantling the regional framework would have unintended yet predictable consequences, not least for the United States. Today, USMCA facilitates record-breaking regional trade. The value of goods and services traded across North America nears...
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