What is the USMCA? The United States-Mexico-Canada Agreement (USMCA) is a trade agreement between the United States, Mexico, and Canada that replaced NAFTA (a past trade agreement) on July 1, 2020. Though it has a variety of intricacies, its basic purpose is to facilitate less expensive and easier transportation of goods and services between the […]

In early 2025, the Trump administration shook global markets by imposing sweeping new tariffs on imports from major U.S. trading partners — including China, Mexico, and even Canada. Framed as a response to national security threats, these tariffs ranged from 10% to as high as 50% on certain goods. But what raised eyebrows was not […]

When a product crosses a country’s border, the government can charge a tax before the product enters the country’s domestic economy. In essence, a tariff is the tax that a government imposes on imported goods. The U.S. can impose tariffs on essentially all goods entering the country. The Harmonized Tariff Schedule of the U.S. (HTSUS) […]