USMCA
North American agreement
USMCA stands for the United States-Mexico-Canada Agreement, a trade deal that replaced NAFTA in 2020.
The agreement governs commerce among the three North American countries, covering everything from agricultural products to automobiles to digital trade.
Politicians and economists often reference it when discussing manufacturing jobs, supply chains, or cross-border commerce: The new auto parts plant was built to comply with USMCA rules.
Taxes on imports
- importObtain from overseas
- exportForeign-bound sale
- customsTraditional practices or import taxes
- duty-freeExempt from import tariffs
quotas · automotive · agriculture · dairy · steel · aluminum · textiles · supply-chain
Binding pact between nations
- ratificationFormal approval by authority
- signatoriesThose who signed officially
- protocolPrescribed conduct rules
- amendmentChange to official text
provisions · clauses · implementation · negotiation · trilateral · enforcement · compliance · chapters
Complimentary real estate
- trilateralHaving three sides
- OttawaCanada's seat of government
- WashingtonU.S. seat of government
- ratificationFormal approval by authority
Environmental harm from waste
- conservationPreventing waste or loss
- sustainabilityCapacity to endure indefinitely
- enforcementCompelling compliance with rules
- biodiversityRange of life forms
Exclusive rights to inventions
- trademarksProtected commercial identifiers
- copyrightsLegal ownership of creations
- biologicsDrugs derived from organisms
- pharmaceuticalsManufactured therapeutic substances
Payment for work
- unionsCombinations or confederations
- enforcementCompelling compliance with rules
- ILOInternational workers' agency
Internet-based buying and selling
- algorithmsFinite instruction sequences
- cybersecurityProtection of digital systems
- encryptionConverting data into code
tariffs
Taxes on imports
duty-free · quotas · automotive · agriculture · dairy · steel · aluminum · textiles · supply-chain · cross-border
treaty
Binding pact between nations
- ratificationFormal approval by authority
- signatoriesThose who signed officially
- protocolPrescribed conduct rules
amendment · provisions · clauses · implementation · negotiation · trilateral · enforcement · compliance · chapters · annexes
Freeland
Complimentary real estate
- trilateralHaving three sides
- OttawaCanada's seat of government
- WashingtonU.S. seat of government
pollution
Environmental harm from waste
- conservationPreventing waste or loss
- sustainabilityCapacity to endure indefinitely
- enforcementCompelling compliance with rules
patents
Exclusive rights to inventions
- trademarksProtected commercial identifiers
- copyrightsLegal ownership of creations
- biologicsDrugs derived from organisms
wages
Payment for work
- unionsCombinations or confederations
- enforcementCompelling compliance with rules
- ILOInternational workers' agency
e-commerce
Internet-based buying and selling
- algorithmsFinite instruction sequences
- cybersecurityProtection of digital systems
- encryptionConverting data into code
USMCAprotectionism
Shielding local producers
trade war · isolationism · autarky · economic nationalism · tariff barriers
United, States, Mexico, Canada, unite, united, unites, uniting, unity