Canada’s apparent tariff advantage is also born out in U.S. Customs and Border Protection numbers that track IEEPA tariff revenue by country. For Canada, the revenue collected so far is equal to just 1.6. per cent of total exports to the U.S., compared with 3.5 per cent for Mexico, although this doesn’t account for sectoral tariff revenues.

The economy was supposed to crumble. The trade war was expected to escalate out of control. Markets were forecast to plunge. None of that has happened. But Trump’s early trade victory may be short-lived.

Commerce Secretary Howard Lutnick reminded us of an important but little-discussed part of trade negotiations with Canada and Mexico -- "virtually 75%" of trade between the U.S. and its two neighbors is "already tariff free" because of the USMCA agreement.

The U.S.-Mexico-Canada Agreement, or USMCA, is the successor trade deal to 1994’s North American Free Trade Agreement, which unified the three countries in the world’s largest trade bloc.

The U.S.-Mexico-Canada Agreement is a trade deal that covers more than $1.3 trillion of commerce and is estimated to create up to 589,000 jobs. It's an updated version of the North American Free ...

USMCA guarantees Mexican workers the right to unionize, mandates safe working conditions, and bans forced labor, writes Miriam Sapiro, former acting and deputy US trade representative during the ...

Deputy Mexican Foreign Trade Minister Luis Rosendo Gutierrez last month said Mexico would continue to prioritize the U.S. and Canada due to their strategic alliance through USMCA, but that did not ...

The USMCA doesn't represent a revolutionary change in regional trade or assure that many Americans stand to receive financial gains. What it does, more than anything, is restore certainty to $1.4 ...