Top Stories· August 18, 2026 at 12:17 a.m.
USMCA's Potential Demise May Not Significantly Affect Canada's Economy
Key takeaways
- Only approximately 16% of Canada's exports to the U.S. are subject to USMCA's rules of origin
- The potential end of USMCA may not have a significant impact on Canada's economy
A recent opinion piece in The Globe and Mail suggests that the potential termination of the United States-Mexico-Canada Agreement (USMCA) may not have a substantial impact on Canada's economy. The author argues that while the agreement is important, it only accounts for a small portion of Canada's total trade.