A new era in U.S.-Canada trade relations began on July 1, 2020, when the long-awaited United States-Mexico-Canada Agreement (USCMA) took effect. The USMCA replaced the 26-year old NAFTA, and essentially became the "law of the land" with regard to North American trade. Most significantly, the USMCA "modernizes" the countries' trade relationship, with new provisions for digital trade and intellectual property, along with special considerations for small-and-medium size enterprises (SMEs).
Much has already been written and speculated about the trade agreement, but for U.S. businesses looking for opportunities in the Canadian market, five observations are especially relevant. Read Five Reasons Why USMCA is Good News for U.S.-Canada Trade to learn more.
Bobby Holland, vice president and director of freight data solutions with U.S. Bank, discusses the results of the firm's latest quarterly Freight Payment Index, what it means for truckers, and how it mirrors trends in the economy as a whole.
Rarely has a meeting of the European Union’s 27 leaders so dramatically exposed the divisions between them. And yet they’ve emerged at the end of it with an agreement that may well come to be considered a watershed in the long, uncertain process of EU integration.