The new North American trade deal takes effect on July 1 amid heightened uncertainty about its likely impacts. The effect of the COVID-19 crisis on supply chains, the digital transformation of the economy, and the possibility of the US reimposing aluminum and steel tariffs all cloud the potential effects of the Canada-US-Mexico Agreement (CUSMA) on the economies of the signatory countries, according to a new report from the C.D. Howe Institute.
Trade agreements—whether multilateral ones through the WTO, plurilateral ones such as the CPTPP, or bilateral agreements between two nations—represent the foundational vehicle through which nations remove trade barriers and deepen trade linkages. This category includes a wide array of GTIPA-member reports examining trade agreements their nations have implemented.