USMCA

FreightWaves occasionally posts high-quality content from partner publications in the freight industry. Visit Railway Age for more great content like this. When Mexico's President Porfirio Diaz lamented more than a century ago of his nation being "so far from God and so close to the United States...

A wide range of officials on both sides of the U.S.-Mexico border as well as trucking associations on Thursday praised the new trade deal among the United States, Mexico and Canada, after the U.S. Senate passed the deal, sending it to President Donald Trump for his signature. The United States-...

The U.S. Senate on Thursday voted overwhelmingly to approve legislation to replace the 25-year-old trade pact among the U.S., Canada and Mexico. The Senate had been expected to pass the U.S.-Canada-Mexico Agreement (USMCA) Implementation Act (H.R. 5430) since the bill cleared the House of...

Mexico continues to be the top trading partner for the United States, ranking No. 1 in total trade value through November, at $567.81 billion.  It marks the 11th straight month Mexico has been in first, with Canada second and China third. China had led the list from July 2017 until December 2018...

The U.S. Senate Finance Committee on Tuesday voted 25-3 to move the U.S.-Mexico-Canada Agreement (USMCA) Implementation Act (H.R. 5430) forward. The next step is for the full Senate to approve the revised agreement, which was the House of Representatives passed overwhelmingly on Dec. 19. "This...

Mexican tomatoes being detained at the border for longer inspections is "unjustified," according to agricultural officials in Mexico. Víctor Villalobos Arámbula, Mexico's secretary of Agriculture and Rural Development (SADER), said 43 truckloads of Mexican tomatoes have been detained at the U.S.-...

A slowdown in U.S. new car sales and the threat of trade war between the European Union (EU) and the U.S. are casting long shadows over the trans-Atlantic container trade. Even so, another year of 3%+ growth is expected by Drewry Maritime Research. After expanding 5.4% in the first half of 2019,...

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Truckers hail House passage of USMCA trade pact; officials discover never-before-seen bug in Mexico shipment; Grammer Logistics acquires Houston-based hazardous materials...

The United States and China have been imposing import tariffs on each other systematically since the first set was announced by the U.S. in March 2018. During subsequent months both countries have also been searching for a trade deal to relieve the pressure. Relief may be in sight now that both...

The U.S. House of Representatives approved the U.S.-Mexico-Canada Agreement (USMCA) Implementation Act (H.R. 5430) by a sweeping vote of 385 to 41 on Dec. 19. The 41 House lawmakers who voted against implementing the USMCA included 38 Democrats, two Republicans and one Independent. Many trade...

Treasury Secretary Steven Mnuchin was a guest on CNBC Thursday to discuss the USMCA and Chinese trade deals. Mnuchin Says USMCA Should Spur GDP Growth The USMCA trade deal will replace the NAFTA agreement, and once enacted will contribute an incremental 50 basis points of GDP growth, Mnuchin...

Trucks continue to carry the majority of cross-border imports and exports during the month of October, according to the U.S. Department of Transportation's Bureau of Transportation Statistics (BTS). Cross-border truck freight between the U.S., Canada and Mexico totaled $68.2 billion, or 64% of all...

Year-to-date U.S. rail traffic continues to be lower than the same period in 2018 amid challenging year-over-year comparisons that developed as a result of U.S. trade uncertainties. U.S. rail volumes were elevated in December 2018 because shippers sought to increase shipments ahead of U.S. tariffs...

Good day, The newly written USMCA trade rules that are set to replace NAFTA will cost automakers $3 billion in added U.S. tariffs for cars and parts that do not meet higher regional content requirements over the next decade. Automakers that look to avail tariff-free access between the three North...

U.S. growth stocks were once again among the best performers of 2019. However, a recent market rotation toward value stocks and two new international trade deals has the outlook for foreign value stocks looking relatively bullish heading into 2020. The USMCA, the phase one trade deal with China and...