The Agreement Usmca negotiated between the United States, Canada and Mexico during Trump’s first term in the first term came into force in 2020 and replaced the NAFTA agreement from the 1990s. It frees a large part of the mutual deliveries of the goods and services of tariffs. However, Trump’s customs policy is heavily burdening the cross -border trade of the three countries, he imposed tariffs, which have so far mainly affected goods that do not fall under the agreement.
The USMCA is to be checked in the coming year. The fact that Washington is already working on it is “a good thing,” said Carney. This means that decisions about tariffs and local content could “be made in a calm, deliberate manner”. For the economy of Mexico and Canada, the agreement is of crucial importance – around 80 percent of Mexican exports go to the USA, at Canada there are 75 percent of exports.
Canada’s prime minister campaigned for more cooperation: “We complement the United States, we make them stronger, we are all stronger together,” he said, referring to the men’s World Cup next year, which will be geared together by the USA, Canada and Mexico.
