Several fundamental conditions are widely presumed necessary for a country to enjoy the benefits of global trade. One condition is that import activity ought not exceed export activity.1 Put more simply, we must sell more...more
On July 1, 2020, the U.S.-Mexico-Canada Agreement (the “USMCA” or the “Agreement”) entered into force and replaced its predecessor, the North American Free Trade Agreement (“NAFTA”). The USMCA has attracted unprecedented...more