It’s hard to keep track of President Trump’s on-again, off-again trade policy, but one firm truth is that, by placing tariffs on Mexico and Canada, he risks destroying the USMCA, a free-trade deal that he called “the fairest, most balanced, and beneficial trade agreement we have ever signed into law.”
The bitter irony is that by directing tariffs at his North American partners in the USMCA, the President will only make China, the source of the world’s steel crisis, an even bigger winner than it is today.
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