Why The U.S. Needs USMCA More Than Ever

AOM Advisors
Dec 16, 2024
1 min read

Article

December 16, 2024

By Antonio Ortiz-Mena and Diego Marroquín Bitar

Source: Americas Quarterly

Derailing or failing to successfully review the trade agreement will only benefit China’s and Russia’s global ambitions.

U.S. President Donald Trump speaks at a manufacturing facility in Michigan in 2020. Anthony Lanzilote/Bloomberg via Getty Images.

TRUMP & LATIN AMERICA

As President-elect Donald Trump nears his inauguration, some fear his ascent to power will lead to the end of the USMCA North American trade agreement. Weeks ago, his threat of 25% tariffs on imports from Mexico and Canada triggered understandable anxiety. Bearish scenarios call for caution: starting a trade war against neighbors and dismantling the regional framework would have unintended yet predictable consequences, not least for the United States.

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