Consultant Insight: US-Mexico cross-border trade struggles, but signs of improvement emerge

Truck drivers wait to speak to a U.S. Customs and Border Protection officer soon after arriving in the U.S. from Mexico at the Otay Mesa Port of Entry cargo facility in San Diego, California, U.S., on Friday, June 7, 2013. Mexico reported a revised trade deficit of $1.2 Billion for April, the national statistics agency, known as Inegi, said on its website. Photographer: Sam Hodgson/Bloomberg

The United States-Mexico-Canada Agreement (USMCA) replaced the North American Free Trade Agreement on July 1, 2020, after a six-month delay due to COVID-19. However, trade between the three countries was affected by tariffs implemented during the Trump administration and COVID-19, and has yet to fully recover. Of the three countries, Mexico appears to have been […]

 

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