The trade arrangement, which covers over 500 million consumers, is currently uncertain, with US and Canada imposing tariffs on each other's imports....
The breakdown in negotiations between the Washington and Ottawa has cast a shadow on the future of the trilateral agreement, that is up for review in 2026...
While the new tariffs cover 99.4% of US imports, products like oil and gas, fertilizer, and certain food items have been excluded from the updated regime...
Washington, through the USMCA talks, wants to lower its trade deficits with Canada and Mexico, apart from reshoring more manufacturing to mainland America...