USMCA AGREEMENT NEWS
US expands visa social media checks to three more categories from October 1
From October 1, the US will expand social media screening to I, TN and TD visa applicants, requiring foreign journalists, USMCA professionals and their dependants to make all social media profiles public or open. The move adds these categories to an online vetting regime that already covers H-1B workers, students, exchange visitors and several other visa classes.
A US-Canada trade war could leave everyone worse off
The United States imposed tariffs on Canadian goods after trade talks collapsed. Canada vows dollar-for-dollar retaliation, escalating trade friction between neighbors. This dispute threatens the North American trade agreement, USMCA, and its future. Such actions could lead to job losses and higher inflation for consumers. The global economy faces risks as critical supply chains come under threat.
Canada rejected US tariff deal. Now comes the economic cost
Canada faces economic fallout after trade talks with the US collapsed and Washington imposed 50% tariffs on hundreds of Canadian products. Economists warn of slower growth and job losses, while Prime Minister Mark Carney plans retaliatory tariffs despite concerns they could raise consumer prices.
Trump administration declines to renew North American trade deal, starts 10-year wind-down clock
The United States has declined to extend the USMCA trade deal, initiating a ten-year wind-down period. This move aims to reshore manufacturing and reduce trade deficits. Negotiations with Mexico and Canada are ongoing, focusing on automotive rules of origin. While Mexico seeks resolution, disagreements persist. The deal's future remains uncertain, impacting North American trade and industries.
Why Trump's tariffs had plenty of bark, but limited bite
Donald Trump's tariffs, once feared to cripple markets, have had a surprisingly muted impact, with actual levies lower than headline rates. While consumers bore the brunt, leading to inflation, the economic hit appears statistically insignificant in the short term. However, ongoing trade uncertainty and the potential for a 'slow burn' economic damage, akin to Brexit, remain significant concerns for the future.
Canada's Carney says middle-power countries should not compete for favor with the US
Canadian Prime Minister Mark Carney is forging stronger links with Europe. He met with Ireland's leader and French President ahead of the G7 summit. Carney believes middle powers should unite rather than compete for American favor. He highlighted the combined economic and defense strength of Canada and the EU. This strategic shift aims to create a significant global influence.
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US weighs tougher auto import rules to accelerate reshoring
The Donald Trump administration is considering changes to North American trade rules that could raise tariffs on imported vehicles and push automakers to increase US-based production.
Canada’s tariff counterattack on Trump gains speed — is this a full-blown trade war now?
Canada is opening its market to low-cost Chinese electric vehicles, creating tension with the United States. This comes as Donald Trump pushes strong trade tariffs and reviews global deals. The move may impact US car companies and cross-border trade. While not a full trade war yet, the situation shows rising conflict between Canada and the US over trade and electric vehicles.
India, China among winners after US court blocked Trump tariffs
Countries hit hardest by President Donald Trump’s tariffs are now emerging as winners after the US Supreme Court struck down his emergency levies. China, India, and Brazil, among others, will see lower tariff rates for shipments to the US. While Trump had planned a 15% global tariff, economists calculate the effective rate will average about 12%, the lowest since the initial “Liberation Day” tariffs in April.
World leaders scope out US’s next steps after Trump tariff loss
Governments worldwide reacted cautiously after the US Supreme Court invalidated President Trump's emergency tariffs. While some reaffirmed existing trade agreements, others adopted a wait-and-see approach to Trump's subsequent imposition of a 10% global tariff. The ruling significantly impacts Trump's leverage in geopolitical trade negotiations.
Trump's protectionist trade policies allow China to swoop in
Canada is seeking new trade partners as President Trump's policies create uncertainty. The nation has agreed to lower import taxes on Chinese electric vehicles and canola seeds. This move signals a significant shift in Canada's economic strategy. Other countries are also exploring alternatives to the U.S. market. This realignment could impact upcoming North American trade talks.
Mexico approves tariff hikes on imports from India, China, and other Asian countries
Mexico's Senate has greenlit significant tariff increases, potentially reaching 50%, on imports from China and other Asian nations starting in 2026. This move, aimed at strengthening domestic industries, will impact goods like autos, textiles, and steel from countries without trade agreements. Business groups and affected governments have voiced their opposition to the new duties.
Truck tariffs: Mexico risks a new tariff blow with Trump's duties
President Sheinbaum may directly engage with President Trump to address these duties, which are slated to begin November 1st.
Daimler Truck, Traton shares fall on Trump's truck tariffs
Shares in Germany's Daimler Truck and Traton fell on Friday after U.S. President Donald Trump announced tariffs on heavy-duty trucks, adding to trade tensions that have hit the automotive sector hard.
Trump increases tariff on Canada to 35% from 25%, cites fentanyl ahead of August 1 deadline
US President Donald Trump has signed an executive order raising tariffs on Canadian goods from 25% to 35% for all items outside the USMCA agreement. Canada, which relies heavily on the U.S. market, is expected to respond with countermeasures. Trump has also set new tariffs on 68 other nations and extended negotiations with Mexico. The White House has tied Canada’s new rate partly to fentanyl concerns, sparking further friction between Ottawa and Washington as broader trade tensions continue to mount.
Trump's 35% tariff on Canada: Here's what will get more expensive for Americans — and what won't
Donald Trump intends to impose a 35% tariff on Canadian goods. The move raises concerns, but some exceptions exist. Products under the US-Mexico-Canada Agreement will likely remain exempt. Energy products like crude oil and potash may also be excluded. The tariff modifications depend on the relationship with Canada. The new tariff is planned to be implemented on August 1.
Trump slaps 35% tariff on Canada, eyes 15%-20% tariffs for others
Trump Tariffs Canada: President Trump announced a 35% tariff on Canadian imports starting August 1st, with potential increases if Canada retaliates. He has also imposed tariffs on allies like Japan and South Korea, including a 50% tariff on copper. Trump indicated that blanket tariffs of 15% or 20% would likely be applied to most other trade partners soon.
Relief at a trade hub on the southern US border, but no end to its unease
Businesses along the U.S.-Mexico border are facing uncertainty due to Trump's fluctuating tariff policies. A brief 25% tariff on Mexican goods caused chaos, followed by relief when Mexico was excluded from broader tariffs. However, concerns remain about steel and aluminum tariffs, USMCA compliance, and the potential for future policy shifts, impacting investment and trade in the region.
US stocks fall after Donald Trump refuses to rule out possibility of recession
Amid the uncertainty caused by Donald Trump's tariff policy and comments on the possibility of a recession, American stocks markets began in the red on Monday. The Dow Jones Industrial Average dropped by 515 points. Meanwhile, the S&P 500 fell by 1.4 percent, with a 1.95 percent drop also recorded by the Nasdaq Composite index.
Nasdaq confirms correction amid US trade policy uncertainty
Wall Street stocks fell on Thursday amid escalating uncertainty regarding U.S. trade policies. President Trump's shifting tariff exemptions contributed to investor confusion, significantly impacting various sectors. The Nasdaq entered a correction phase, and the CBOE Volatility Index reached its highest level since December.
Bubble about to burst? Wall Street stocks keep sliding amid tariff uncertainty, here's all you need to know
The US stock market is currently in a rather precarious position considering the fact that Wall Street stocks are plummeting steadily, with reports suggesting that the reason for the same could be the uncertainty related to the incoming Trump tariffs on different countries.
Mexico warns US it is ready to seek other trade partners
Mexican President Claudia Sheinbaum has warned that Mexico may seek other trading partners in response to US tariffs imposed by President Trump. Sheinbaum pledged retaliatory duties but also expressed a preference for negotiation and dialogue, citing the symbiotic economic relations stipulated under USMCA.
Donald Trump to lay out trade vision but won't impose new tariffs yet, official says
Donald Trump will issue a trade memo evaluating U.S. trade relationships with China, Canada, and Mexico, without imposing immediate tariffs. The memo will direct federal agencies to address trade deficits and unfair practices, and assess compliance with trade agreements. This unexpected move caused a fall in the U.S. dollar and a rise in global stocks.
How Donald Trump’s victory spells trouble for Trudeau and good news for Modi
Donald Trump's return to the White House could spell trouble for Canadian Prime Minister Justin Trudeau, who faces trade disputes and a potential recession, as 75% of Canada’s exports go to the U.S. Meanwhile, Indian Prime Minister Narendra Modi sees an opportunity to strengthen India’s ties with the U.S., particularly in strategic partnerships against China.
Biden’s reluctant approach to free trade draws backlash
in recent months, with the rollout of a sweeping climate bill intended to bolster clean energy manufacturing, the lack of free-trade agreements with some of America’s closest allies has suddenly become a major headache for the administration.
India-US Trade Policy Forum has key role in deepening understanding of each other's positions: Former Obama admin official
The US and India are both bystanders with regard to the Regional Comprehensive Economic Partnership (RCEP) and CPTPP, for different reasons. While RCEP is a China-led configuration, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is relatively a high standard agreement modelled on the Trans-Pacific Partnership (TPP).
President Trump's Nobel Peace Prize nomination hard-earned and well-deserved: White House
Far-right Norwegian lawmaker Christian Tybring-Gjedde on Wednesday nominated Trump for the Nobel Peace Prize for his work in mediating the deal between Israel and the UAE which is seen as a historic step towards peace in the Middle East.
Donald Trump has authority to order US companies to stop doing business with China: Steven Mnuchin
The US President can make such an order only if he declares national emergency, but he has not done so, Mnuchin said, adding that Trump is asking American companies to look for alternatives.
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