The Heat: USMCA Controversy | US-Mexico-Canada trade

The Trump administration has announced it will not immediately renew the United States-Canada-Mexico Agreement, a trilateral pact between the three countries.

The USMCA, which replaced NAFTA in 2020, remains in force for now, but its future is far from certain. #Heat #USMCA #freetrade #Mexico #Canada #Economy #UStariffs

Host: Anand Naidoo is the anchor for CGTN America's The Heat.

Anand Naidoo speaks with:

Steve Hanke is a Professor of Applied Economics at Johns Hopkins University. Ian Lee is an Associate Professor at Carleton University's Sprott School of Business. Mariana Campos is the Executive Director of Mexico Evalua, an independent public policy center.

0:00 Trump refuses to renew the USMCA trade pact 2:21 Trump's negotiating tactics 4:43 The $1.6 trillion agreement and what the US is demanding 6:41 Why destroying the USMCA would cost US jobs 10:05 What's at stake for Canada? 12:01 Canada's asymmetric dependence on the US 13:29 What happens to Canada if the USMCA fails? 17:05 Border businesses brace for impact 19:32 Mexico's priorities in the review process 21:01 Why investment certainty matters 22:02 86% of Mexico's exports go to the US 24:38 Mexico as the US's largest trading partner

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