Tag: CUSMA
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Ottawa presses Washington for structure and predictability as North America’s trade pact slides into an unprecedented decade of annual reviews, leaving tariff relief for steel, aluminum, autos and lumber to a parallel bilateral track Peacock Tariff Consulting Trade Desk OTTAWA, July 5, 2026 Four days after the United States formally refused to renew the Canada-United…
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U.S. refusal to renew North America’s trade pact at its mandatory six-year review pushes CUSMA into a decade of annual check-ups – and leaves the tariff shield covering most Canadian exports riding on negotiations Ottawa has not yet formally begun. By the Canada Trade Desk | Peacock Tariff Consulting OTTAWA – July 3, 2026 –…
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An analysis of the benefits and costs of the agreement entering annual review, written July 1, 2026 Executive Summary On July 1, 2026 – the sixth anniversary of the Canada-United States-Mexico Agreement’s entry into force – the mandated joint review under Article 34.7 concluded without the unanimous confirmation required to extend the agreement for a…
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An analysis of the benefits and costs of the agreement entering annual review, written from the perspective of Canada’s agriculture and agri-food portfolio – July 1, 2026 Executive Summary On July 1, 2026 – the sixth anniversary of the Canada-United States-Mexico Agreement’s entry into force – the mandated joint review under Article 34.7 concluded without…
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An analysis of the benefits and costs of the agreement entering annual review, from the perspective of binational manufacturers operating plants in both Canada and the United States – July 1, 2026 Executive Summary On July 1, 2026, the joint review mandated by Article 34.7 of the Canada-United States-Mexico Agreement concluded without the unanimous confirmation…
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On June 10, President Trump told reporters he is “not looking to renew” the Canada-U.S.-Mexico Agreement, three weeks before the pending July 1 review deadline. The statement dominated headlines at this week’s Canada-U.S summit in Toronto, where Prime Minister Carney and U.S. Ambassador Hoekstra were both pressed on what comes next. But Trump’s comments don’t…
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Introduction: Billions in Savings, Mostly Unclaimed The United States currently maintains free trade agreements with 20 countries, each offering reduced or zero-duty rates for goods that meet the agreement’s rules of origin. Collectively, these agreements offer importers access to duty savings that can completely eliminate the tariff burden. And yet, a substantial portion of eligible…
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Introduction: Relief Programs Most Businesses Do Not Know About The Canadian tariff system includes numerous relief and remission programs designed to reduce the duty burden on imported goods in specific circumstances. These programs exist to promote Canadian manufacturing competitiveness, support industries that depend on imported inputs, and encourage the use of Canada as a platform…
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Introduction: Ontario’s Unique Position in Cross-Border Trade Ontario is the economic engine of Canadian cross-border trade with the United States. With the busiest land border crossings in North America, a manufacturing sector deeply integrated with U.S. supply chains, and a concentration of businesses that depend on seamless goods movement across the border, Ontario businesses face…
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The Key to Duty-Free North American Trade CUSMA offers preferential treatment, often zero duty, for qualifying goods. The certification can be in any format as long as it contains nine prescribed data elements. This flexibility creates a trap – businesses sometimes provide incomplete certifications or issue them without proper origin analysis. Understanding CUSMA Rules of…