The five stages of a USMCA shakeup

The USMCA, a successor to NAFTA, is undergoing significant changes due to prolonged negotiations, tariffs, and uncertainties. These shifts could fundamentally alter North American trade dynamics, impacting everything from consumer prices to supply chains. While the agreement might ultimately hold, the process has already highlighted the complexities and challenges of updating trade agreements in a globalized economy. This shakeup underscores the need for more agile and adaptable trade policies to keep pace with changing economic landscapes.