The USMCA has finally been signed on November 30, easing short-term uncertainty surrounding North American trade.

  • The US, Canada, and Mexico signed the USMCA on November 30, easing short-term uncertainty surrounding North American trade.
  • The agreement must now be ratified by all three countries’ legislatures with NAFTA rules staying in place until then.
  • We expect a positive economic impact in the short term, especially in the automotive sector, through reduced uncertainty allowing business ties and trade flows between the three countries to strengthen.

Read the full report here: Goodbye NAFTA, hello USMCA