US to Maintain Tariffs on Mexico and Canada Under USMCA
U.S. Trade Representative Jamieson Greer confirmed the administration will keep tariffs on North American partners to address trade deficits. Greer noted significant issues with Canada while seeking revised rules of origin to boost domestic production.
Xurve View
Insights:
Xurve View
U.S. Trade Representative Jamieson Greer said the United States will maintain tariffs on Mexico and Canada during USMCA renegotiations. The move follows an increase in the U.S. trade deficit with Mexico, which rose nearly 15% to $196.9 billion. Investors in the automotive and industrial sectors face higher costs as Washington seeks to force more production back home.
