At three years, the US-Mexico-Canada Agreement has proven its worth ...Middle East

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At three years, the US-Mexico-Canada Agreement has proven its worth
source : The Hill ( Middle East ) () 38
July 1 marked the third anniversary of the entry into force of the United States-Mexico-Canada Agreement (USMCA). It is an appropriate time to count our chips and assess, through additional data and experience with USMCA dispute settlement mechanisms, whether to let our “winning bet” ride.   The trade data over the past two years shows steady growth, even in the midst of recovery from a pandemic and the global tumult caused by the Russian invasion of Ukraine. Total U.S. trade with Canada and Mexico was a record $1.78 trillion in 2022, an increase of 27 percent over 2019 levels. For comparison, total U.S. trade with China in 2022 increased by just 20 percent over the 2019 level.   Th

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