USMCA

It is simple Economics 101. When you tax something, you get less of it. When you subsidize something, you get more of it. Great news! The December 2017 TCJA (Tax Cuts and Jobs Act), dramatically cut the corporate tax rate from 35 percent to 21 percent. Before its enactment, the U.S. had the...

Good day, Former Canadian Prime Minister Brian Mulroney, an architect of NAFTA's forerunner, said the United States-Canada-Mexico Agreement "will prevail" despite President Trump's new tariffs on Mexico. "All I know is that it's indispensable," Mulroney said during the Journal of Commerce's...

The railroad industry is "concerned" about a possible disruption of the North American supply chain should the U.S. impose tariffs on imports from Mexico. Railroad companies with more exposure to trade with Mexico, such as Kansas City Southern (NYSE: KSU) and Union Pacific (NYSE: UNP), saw their...

Good day, As President Trump ramps up the trade war with China, the Administration is keen to get NAFTA's successor, the United States-Mexico-Canada Agreement or USMCA, approved. The lifting of the U.S. tariffs on steel and aluminum from Mexico and Canada – and the removal of those countries'...

The United States is planning to lift steel and aluminum tariffs on Mexico and Canada, clearing the way for ratification of the so-called "United States-Mexico-Canada Trade Agreement," the replacement for NAFTA, according to a Bloomberg report. The industry reacted to the report with...

  The Canadian government is reportedly considering additional tariffs on U.S. products to step up pressure on the Trump administration over levies on steel and aluminum.   Canada's Ambassador to the U.S. David MacNaughton suggested that pork, wine, apples and ethanol could be...

COLUMBUS, Indiana. Is the economy moving forward or stalling? Depending on where you turn, it's easy to find a data point to support either thesis. Panelists at ACT Research's 60th Seminar on March 26, 2019, tried to answer that question during panel discussions at The Commons, in...

Negotiations for the United States - Mexico - Canada Agreement (USMCA) have been concluded, but the three countries still have to ratify the deal. The USMCA represents President Trump's effort to modernize the North American Free Trade Agreement (NAFTA) and includes important provisions that...

As part of our overall coverage of freight markets, FreightWaves publishes a summary of the changes in the economy over the past month, both in terms of the data releases and in developments in public policy. The Economic Roundup is designed to synthesize the events of the past month as they relate...

U.S. stocks started off the week on a high note Monday after a trade deal between the U.S., Canada and Mexico was announced on Sunday evening. The deal is called the United States-Mexico-Canada Agreement, or USMCA, and would replace the former North American Free Trade Agreement, or NAFTA. The deal...