USMCA Watch: Tangible Gains May Be Beaten by Tariff Politics — Panjiva


USMCA Watch: Tangible Gains May Be Beaten by Tariff Politics

Canada 341 Materials - Metals/Mining 496 Metals - Aluminum 164 Metals - Steel 369 Mexico 516 Trade Deals 708 U.S. 3362 USMCA 378

The U.S. ITC is scheduled to report on Apr. 19 as to the economic benefits of the U.S.-Mexico-Canada Agreement versus existing trade arrangements. The IMF has previously identified a net benefit from the new deal, but with reduced trade in some sectors. The analysis comes as trilateral trade between the three countries reached $1.25 trillion in the 12 months to Feb. 28. That’s up 6.2% year over year from a 0.9% annual drop in the prior three years. Yet, it’s likely to be politics rather than economics that ensures – or blocks – USMCA’s ratification. In the case of Canada that’s likely to...

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