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United States–Mexico–Canada Agreement (USMCA)

United States–Mexico–Canada Agreement (USMCA)
The latest news, analysis and opinion on United States–Mexico–Canada Agreement (USMCA). In-depth analysis, industry insights and expert opinion.
US President Donald Trump on Sunday. Photo: Reuters
Donald Trump

Trump orders new 50% tariff on many Canadian goods, escalating trade war

Ottawa says new duties violate USMCA as Trump uses untested 1930 law to hit Canadian imports.

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US-China trade war

US backs away from USMCA trade deal, upset over Canada’s China ties

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United States

Why China is the big fight in USMCA trade review as US refuses to extend deal

United States

Trump says US might not renew trade deal with Mexico and Canada

The future of the USMCA pact hinges on negotiations over the ⁠coming months.

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(From left) Canada’s Prime Minister Mark Carney, Mexico’s President Claudia Sheinbaum, and US President Donald Trump speak with each other during an event at the Kennedy Centre in Washington in December. Photo: AFP
Canada

Canada and Mexico tell US they want free trade deal renewed

Trump signed and praised the USMCA during his first term but now calls the deal ‘irrelevant’.

China-Latin America relations

China consul in Tijuana warns against protectionism as USMCA review nears

Fu Xinrong pitched Beijing’s model of shared modernisation to Mexican business leaders, weeks before a contentious USMCA review.

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China-Latin America relations

Mexico slaps tariffs of up to 50% on Chinese goods as US trade pact review looms

Beijing criticises the duties as damaging to its interests, as Mexico defends them as vital to support domestic producers.

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Mexican President Claudia Sheinbaum says her government consulted domestic and foreign business leaders before finalising the tariff measure. Photo: EPA
United States

Opinion | Why Asia has huge stakes in US-Mexico-Canada trade deal review

If Asian economies treat USMCA talks as purely a North American matter, they could find themselves scrambling later to respond to developments that affect them.

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US-China trade war

Stock markets tumble globally as new Trump tariffs hit China, Canada and Mexico

How long the latest levies stay in place depends on the US president’s core motivation, which can be hard to discern, analysts say.

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US-China relations

Trump’s pick of Rubio as top US diplomat leaves Latin America bracing

Long-time outspoken China critic raises concerns in region he might press governments to choose sides between Washington and Beijing.

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Donald Trump and Marco Rubio share the stage at a campaign rally in Raleigh, North Carolina, on November 4, a day before the former US president won a second term. Photo: AP
US presidential election 2024

Mexican leader ‘convinced’ US ties will stay positive after Trump’s election win

But Chinese investments in country such as electric-vehicle factories plus looming changes to a key free-trade deal could complicate matters.

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Mexican President Claudia Sheinbaum took office as the country’s president in October after winning election in June. Photo: Eyepix via Zuma Press Wire/dpa
US-China relations

China-Mexico trade is not reciprocal, says finance minister

Mainland GDP growth comes ‘at expense of North America’, so only logical that both Americans and Mexicans demand fair share of global demand.

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China economy

Opinion | How shifts in world trade are setting the stage for ‘reglobalisation’

From service exports growth to green energy transitions, economies can still prosper from trade amid changes in the global economy.

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US-China relations

Opinion | Mexico is ground zero as China takes Global South battle to US backyard

Since its free trade agreement with the US, Mexico has seen more crime and obesity, but little economic growth. Now, it is seeing a surge in Chinese investment.

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BYD’s Dolphin Mini is seen at the Chinese company’s launch of the low-cost EV in Mexico City, on February 28. Photo: Reuters
Diplomacy

Opinion | As tide turns in Argentina and across Latin America, what will China do?

No rational Argentinian politician would risk China’s substantial investments but US offers of free trade to Latin America and steelmaker complaints about cheap Chinese imports threaten to turn the tide.

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Argentina’s Foreign Minister Diana Mondino meets her Chinese counterpart Wang Yi, in Beijing on April 30. Photo: Xinhua
China trade

Chinese manufacturers in Mexico tread on thin ice amid threat of US barriers

Washington fears that Chinese cars may be able to come over the southern border with zero tariffs under the United States-Mexico-Canada Agreement.

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US-China relations

The View | US can’t beat China, so it should join it in the EV revolution

Efforts to keep Chinese electric vehicles out of the US will only hurt American consumers and manufacturers in the long run. Instead, the Biden administration should welcome Chinese carmakers into the US to improve innovation and competitiveness.

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US-China relations

China’s 17-year run as top source of US imports ends as Mexico rises

World’s second-largest economy also saw its share of American imports decline to 13.9 per cent in 2023, its lowest level in 20 years.

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Traffic near a container cargo depot in Monterrey, Mexico. US-China tensions have led Washington to reduce supply-chain reliance on its geopolitical rivals and source imports from closer to home. Photo: Bloomberg
China manufacturing

China’s investment in Mexico is up – but is dodging US tariffs the whole story?

Mexico has been the beneficiary of more Chinese investment in recent years, and its preferential status with its northern neighbour has provided a way past US tariffs. But there are other benefits – and risks – analysts say.

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US-China trade war

Opinion | Migration to Central America shows firms adapting to new trade era

As geopolitical tensions rise and economies become more complex, North American industries are turning away from Asia to secure a better future. Mexico and Central America offer significant benefits for firms looking to keep costs low and mitigate risks stemming from the US-China trade war.

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US-China relations

Opinion | US reshaping of global supply chains is ultimately self-serving

Far from defensive, proposals such as the IPEF supply chain deal are designed to de-Sinacise critical sectors, prevent China’s rise and cut it off from the world.

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Illustration: Craig Stephens
European Union

Opinion | Unlike the US, the EU’s green industrial policy is not aimed at China

Rather, the EU’s Critical Minerals Act and Net-Zero Industry Act addresses supply security concerns raised by the Ukraine war, and climate change.

US climate envoy John Kerry speaks to EU climate czar Frans Timmermans at the COP26 UN climate change conference in Glasgow, Scotland, on November 12, 2021. Photo: Reuters
US-China relations

US bid to shift supply chains away from China ineffective: analysts

Bilateral trade has continued at a high level overall, especially in computers and farm equipment, despite tariffs begun in 2018, report finds

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United States

US drug supply chain alternatives to China might be Canada, Latin America

Centre for Strategic and International Studies panellists from Canada, Mexico, Brazil and Colombia discuss speeding pharmaceutical production and trade with US.

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US-China trade war: Opinion

Opinion | Time for Biden to end the senseless, self-defeating US trade war with China

Four years on, the trade war is still costing US consumers and companies, and forcing supply chain workarounds that make trade more complex and vulnerable. Worst of all, it has cost up to 245,000 American jobs and fuelled US inflation. Biden needs to realise there are no winners.

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Illustration: Stephen Case
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