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All articles tagged with #usmca

Trump asserts 'absolute right' to tariff power despite Supreme Court ruling
politics26 days ago

Trump asserts 'absolute right' to tariff power despite Supreme Court ruling

After the Supreme Court ruled that many of his tariffs lacked legal justification, Trump claimed on Truth Social that he has the 'absolute right' to impose tariffs in another form and has begun pursuing a new wave of duties to replace the repealed ones, as the administration moves to reshape its trade agenda and pursue new investigations to justify permanent duties, while also signaling readiness for talks with Mexico, Canada under USMCA and a possible meeting with China.

via The Guardian|
#china#politics#supreme-court
Trump Weighs North American Trade Pact That Could Exclude Canada
business1 month ago

Trump Weighs North American Trade Pact That Could Exclude Canada

U.S. officials are considering major changes to the U.S.-Mexico-Canada trade framework that could scrap or renegotiate it without Canada, using the opening of a new U.S.–Canada bridge as leverage to secure concessions. Such a move would disrupt established cross-border supply chains, upend business plans built around tri-country trade, and risk economic fallout for companies relying on the pact.

via The New York Times|
#bridge-leverage#business#canada
world2 months ago

Canada opens Nuuk consulate to anchor Arctic diplomacy

Canada opened a consulate in Nuuk as part of a long‑standing Arctic strategy, aiming to reassure Greenlanders wary of Trump’s sovereignty talk while maintaining a steady relationship with the United States; Ottawa also plans a consulate in Anchorage, highlighting a broader Arctic diplomacy push with Denmark and France, amid concerns about Russia’s Arctic footprint and climate-change impacts, and ahead of a 2026 USMCA review.

via Politico|
#arctic#canada#diplomacy
Canada unveils plan to fortify auto industry and accelerate EV shift away from the U.S.
business2 months ago

Canada unveils plan to fortify auto industry and accelerate EV shift away from the U.S.

Canada announced a comprehensive plan to boost its auto sector and accelerate its electric-vehicle transition amid U.S. tariff pressure, including investment incentives for carmakers, reintroduced EV purchase rebates, and a tariff-offset credits scheme. The measures also introduce tougher emissions standards with a goal of 90% EV sales by 2040, while scrapping Trudeau’s 2023 EV mandate. The policy signals diversification from the U.S., with recent deals involving China and Korea, and comes as the USMCA faces review; environmental groups oppose the shift away from the mandate.

via BBC|
#business#canada-auto-industry#emissions-standards
Trump’s tariff blitz pressures allies to pivot on global trade
world2 months ago

Trump’s tariff blitz pressures allies to pivot on global trade

Trump’s tariff threats are reshaping global trade: allies are diversifying away from the U.S. as he vows 100% tariffs on Canada over China ties, threatens higher levies on South Korea for slow deal ratification, and signals willingness to revive penalties against partners with signed pacts, signaling a volatile post-NAFTA order as others pursue new deals like the EU-India agreement.

via Axios|
#allies#tariffs#trade
Carney doubles down on Davos critique after Trump call, denies backtracking
world2 months ago

Carney doubles down on Davos critique after Trump call, denies backtracking

Canadian Prime Minister Mark Carney says he meant what he said in Davos about unconstrained powers and did not walk back his remarks in a call with President Trump, disputing a report by Scott Bessent; the call touched on topics from Ukraine and Venezuela to Arctic security and the USMCA, with Carney stressing Canada understood and was responding to shifts in U.S. trade policy.

via BBC|
#canada#carney#davos
Mexico’s Anti-Imperialist Wave Expands as Venezuela Intervention Triggers Protests
world2 months ago

Mexico’s Anti-Imperialist Wave Expands as Venezuela Intervention Triggers Protests

Protests are swelling across Mexico, led by Puebla’s anti-imperialist front, after US intervention in Venezuela; tens of thousands blocked a major highway on Jan 21 and solidarity has grown in Guanajuato, Sinaloa, and beyond, uniting unions, Indigenous groups, students and housing-rights activists. Activists say Trump’s threats to strike cartels signal possible U.S. militarization of Mexico and view the intervention as part of a broader imperial project, criticizing USMCA and transnationals as drivers of displacement, inequality and environmental harm, while calling for international solidarity and boycotts linked to the World Cup.

via Truthout|
#anti-imperialism#mexico-protests#trump-foreign-policy
Automakers Brace for a Cautious 2026 Amid Affordability Crunch
business2 months ago

Automakers Brace for a Cautious 2026 Amid Affordability Crunch

U.S. automakers warn that 2026 will bring slower sales and higher costs as affordability pressures mount from pricier vehicles, inflation, and ongoing supply-chain issues; executives plan for the worst while pivoting to lower-priced models, certified pre-owned strategies, and possible re-entry into sedans, all amid tariff dynamics, potential USMCA negotiations, and heightened regulatory scrutiny.

via CNBC|
#2026-outlook#affordability-crisis#automotive-industry
policy2 months ago

Carney’s Davos speech rattles US-Canada trade talks

Canadian Prime Minister Mark Carney’s Davos speech advocating unity among smaller nations against economic coercion went viral but drew sharp backlash from the Trump administration, threatening the six-year review of the USMCA and ongoing North American trade negotiations. Washington and Ottawa traded barbs as business leaders warned the spat could undermine the pact, with Trump questioning Canada’s gratitude and U.S. officials signaling a harder stance while Canadian leaders pressed to preserve cross-border supply chains and keep talks alive.

via Politico|
#canada#carney#davos