USMCA

President Donald Trump has cast doubts on the renewal of the U.S.-Mexico-Canada Agreement (USMCA), citing trade deficits with both countries. We Don’t Need Canadian Goods Trump, during a press briefing on Wednesday, criticized the USMCA, sharing that the U.S. had trade deficits with Canada...

Editor’s note: The story has been updated to include a comment from WDBA. U.S. and Canadian officials are reportedly planning to open a key bridge connecting Michigan with Canada’s Ontario Province in the coming days, despite President Donald Trump‘s earlier threats to stop it...

U.S. Trade Representative Jamieson Greer has reportedly stated that the tariffs imposed by President Donald Trump on Mexico’s auto and steel sectors will continue, despite the upcoming renegotiations of the U.S.-Mexico-Canada Agreement (USMCA). This information was shared with Mexican...

Ford Motor Co. (NYSE:F) CEO Jim Farley has shared that working with President Donald Trump has been a good experience, but there were still things that needed improvement. Trump Has Been Great To Work With, Says Jim Farley In an interview with Bloomberg on Thursday, the CEO hailed Trump for being "...

Canadian Prime Minister Mark Carney has set a goal for Canada to double its non-U.S. exports over the next decade, amid the economic challenges posed by U.S. tariffs. Carney Pushes Trade Diversification Plan While addressing Canadians on Wednesday, he emphasized the need for Canada to diversify its...

President Donald Trump is partly stepping back from his tariffs on Mexico and Canada by pausing levies on automobile manufacturers’ imports, including Ford Motor Co (NYSE:F), General Motors Co (NYSE:GM) and Stellantis NV (NYSE:STLA). What Happened: Bloomberg reported on Wednesday that Trump...

This July marks the first anniversary of the adoption and implementation of the United States-Mexico-Canada Agreement (USMCA). The agreement has brought about new opportunities for cross-border trade; is your organization taking advantage of these changes? With close to $2 billion in trade...

The North American trade agreement ratified last year could encourage more motor vehicle production in the U.S., a representative for BNSF (NYSE: BRK-B) said last month on a panel about the new trade deal's effect on the North American automotive market. "As we look forward to the next decade, it...

Officials in Mexico unveiled plans Tuesday for a multimodal logistics center aimed at boosting international trade as part of the United States-Mexico-Canada Agreement (USMCA). The project will include an investment of $1.2 billion and could generate more than 65,000 jobs in Nextlalpan, a town...

Shippers faced many challenges in 2020, and COVID-19 was just one. One ship lost thousands of containers, investors fled shipping stocks early in the year, and airlines faced uncertainty with different strategies. The American Shipper Top 10 stories of the year are chosen by you, the reader,...

The U.S. Class I railroads say they're ready to handle any influx of business that might occur at the U.S.-Mexico border as a result of nearshoring and shifting consumer patterns. The trade deal between the U.S., Mexico and Canada (USMCA) helped to lay a foundation for continued trade among the...

The U.S. and Canada appear poised to extend the closure of their shared border for nonessential travel until Aug. 21. It will give truckers an additional 30 days of crossing the border mostly free of passenger traffic. CTV News reported on Tuesday that officials from both countries agreed to the...

U.S. Southeast and Gulf Coast seaports and industrial distribution hubs will be the prime beneficiaries of U.S. firms shifting supply chains from China due to disruptions from the coronavirus pandemic and higher tariffs from the U.S-China trade war, according to a report published Thursday by real...

United Parcel Service (NYSE: UPS) and Estafeta have announced a partnership to provide Mexican businesses with international shipping services. The new agreement will help small and midsize businesses (SMEs) in Mexico reach more than 220 countries and territories around the world, as well as...

Before the United States-Mexico-Canada Agreement took effect at midnight Wednesday, Energy Transportation Group in Quebec had spent months working to ensure that its trucks will continue to move freight between Canada and the U.S. without a hitch. "I don't foresee any changes. If the trucks keep...