Key Facts

• The USMCA trade deal is undergoing renegotiations that are testing the future of an auto industry built on decades of cross-border integration among the United States, Canada, and Mexico.
• American farmers have become increasingly dependent on exports to Canada and Mexico as other overseas markets become more difficult to access due to changing global trade dynamics.
• The energy market in North America has been significantly integrated through years of infrastructure investment, allowing for easier cross-border transactions than often acknowledged by political narratives.
• The renegotiations raise questions about whether the three countries with different priorities can still agree on a common economic vision that supports their shared trade interests.