Best of 35 West: Unpacking USMCA

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This episode of 35 West originally aired on May 16, 2024. Following recent announcements that the incoming Trump Administration would consider tariffs on Mexico and Canada unless the two countries act to stop the flow of illegal drugs and irregular migration, many of the topics discussed have only grown in relevance. In 2023, U.S. trade with Mexico grew to nearly $800 billion, leading Mexico to surpass both Canada and China as the United States’ number one trading partner. While U.S.-Mexico trade has long been a pillar of North American economic competitiveness, Washington’s efforts to move trade away from China in favor of nearshoring and friendshoring in the Western Hemisphere, coupled…