Hot Topics in International Trade - What it means to believe
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We have passed the 100-day mark in the second Trump Administration and tariffs remain the talk of the town, with President Trump taking more trade-related actions in this time than any other president in modern history. As...more
We have reported extensively on President Trump's "America First Trade Policy", the new tariffs imposed on Canada, Mexico and China, and provided commentary on how President Trump's return to office might affect the UK and...more
In today’s global marketplace, companies are increasingly more vulnerable to the unpredictable impacts of tariffs and supply chain disruptions. As these external pressures threaten their financial stability, businesses must...more
On February 1, President Trump issued two Executive Orders (EOs) announcing the imposition of a 25% tariff on products of Canada (10% on energy products) and Mexico, effective February 4. On February 3, the President...more
As President Trump begins his second term, the absence of tariffs among the more than 200 executive orders signed on his first day in office was a notable deviation from expectations. However, the President announced plans to...more
The United States-Mexico-Canada Trade Agreement (USMCA) is noteworthy for its novel “facility specific rapid response labor mechanism” (the Rapid Response Mechanism or Mechanism). The Mechanism permits the United States or...more
On December 10, representatives from the United States, Canada and Mexico signed an amended United States-Mexico-Canada Agreement (USMCA) that incorporates revisions negotiated by Democrats in Congress and agreed to by the...more
The Situation: The United States, Canada, and Mexico recently reached an agreement in principle to revise and replace the North American Free Trade Agreement ("NAFTA") with the United States-Mexico-Canada Agreement ("USMCA")....more
One of the avowed reasons for scrapping the North American Free Trade Agreement (NAFTA) and replacing it with a new agreement was that “digital trade” did not even exist in 1994 when NAFTA came into force. Accordingly, The...more
On September 30, 2018, Canada and the United States resolved outstanding trade issues and announced that they, together with Mexico, agreed to a trilateral United States-Mexico-Canada Agreement (USMCA). Once ratified, the...more
Late on September 30, an agreement (USMCA) was reached between the United States, Mexico and Canada which modernizes the 24 year old North American Free Trade Agreement (NAFTA)....more
The Trump administration announced Sunday night that trade ministers from the United States, Mexico and Canada had reached agreement on revisions to the 1994 North American Free Trade Agreement, the framework for $1.2...more
I recently had the privilege of serving as vice chair for this year’s Defense Research Institute (DRI) Class Action Seminar. As I’ve done in years past, here are some highlights from the first day’s programming...more
As Inauguration Day approaches we are receiving many questions about Donald Trump’s promise to renegotiate or “tear up” the NAFTA, most of them turning on what he can do and what would it mean for Canada-United States trade....more