USMCA

The United States-Mexico-Canada Agreement (USMCA) is a trade agreement between the United States, Mexico, and Canada. It replaced the North American Free Trade Agreement (NAFTA). Recent news highlights tensions surrounding the agreement. Specifically, President Trump has threatened to impose a 50% tariff on Canadian planes and decertify Bombardier aircraft, raising concerns about trade relations. Furthermore, Canadian Prime Minister Carney affirmed his critical Davos speech, despite reports suggesting he retracted it during a call with Trump, indicating disagreements on global power dynamics. Despite these tensions, the leaders of the US, Mexico, and Canada appeared together at the 2026 World Cup draw, showcasing a facade of unity amidst underlying trade disputes. The USMCA's relevance lies in its impact on North American trade and economic stability, making these disputes significant for businesses and consumers in all three countries.