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Tariffs Stay as NAFTA Renegotiations Begin
Description
Tariffs aren’t going anywhere—even as the U.S. renegotiates NAFTA’s successor, the U.S.-Mexico-Canada Agreement. Trade rep Jamieson Greer made it clear: as long as Mexico runs a big trade deficit, U.S. tariffs will stay. Negotiations kick off this week in Mexico City, focusing on reshaping rules of origin to boost domestic manufacturing, especially in autos and industry—and pushing Mexico to raise its own tariffs on foreign goods. Meanwhile, Canada’s in a tougher spot: unlike other nations, it retaliated against U.S. tariffs, earning a China-like treatment. Greer singled out Canadian auto production as policy-driven, not natural, and vowed to bring those jobs home. The future of U.S.-Canada trade? Still up in the air.
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