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Tag Archives: USMCA

U.S. trade deficit grows to $64B, highest in 12 years

Container terminal

PortandTerminal.com, September 4, 2020 Despite bloody trade wars and a renegotiation of NAFTA with Canada and Mexico, America’s trade deficits remain stubbornly high. WASHINGTON – After narrowing in the early months of the year due to coronavirus shutdowns, the gap between what the United States buys from the rest of the world and what it sells widened to its highest level …

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Canada to impose retaliatory tariffs on C$3.6 billion worth of U.S. goods

Canadian Deputy Prime Minister Chrystia Freeland

PortandTerminal.com, August 7, 2020 Canada hoping new tariffs will be short-lived | Senior Canadian officials increasingly sure that Trump will lose the Nov. 3 presidential election OTTAWA – Canada will slap dollar-for-dollar retaliatory tariffs on $2.7 billion worth of U.S. aluminum products after the United States said it would impose punitive measures on Canadian aluminum imports, a senior official said …

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Canadian Leader Decides to Skip Washington Summit on New NAFTA Trade Deal

BLOOMBERG, JULY 6, 2020 Canadian PM to skip Washington meeting and remain in Ottawa | U.S. cites scheduling conflicts, Covid-19 travel restrictions By Kait Bolongaro and Justin Villamil for Bloomberg – Justin Trudeau declined to attend a trilateral summit in Washington this week to inaugurate the new trade pact between the U.S., Mexico and Canada. The Canadian prime minister’s office confirmed the decision …

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Justin Trudeau might skip US-Canada-Mexico summit due to tariff and coronavirus

Prime Minister Justin Trudeau. Suit. Beard. Microphone

REUTERS, JULY 4, 2020 Canadian Prime Minister Justin Trudeau might be skipping the United States–Mexico–Canada Agreement (USMCA) summit in Washington DC next week. Comments made by Trudeau on Friday indicated he intended to stay in Canada due to the recent uptick in the coronavirus cases in the United States. He also cited US threats to re-impose a 10 percent tariff …

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Need to Know: How new North American trade pact will impact autos, digital trade, drugs

Enrique Pena Nieto, Donald Trump and Justin Trudeau sign a new free trade agreement

REUTERS, JULY 1, 2020 (Reuters) – The U.S.-Mexico-Canada trade agreement (USMCA) will launch on Wednesday, replacing the 26-year-old North American Free Trade Agreement (NAFTA), as the global economy and international trade reel from the fallout of the coronavirus pandemic. The flow of goods among the three USMCA members – which totaled $1.2 trillion last year – in April dropped to …

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