world-economy

Canada Signals Multiple Trade Deals Coming as USMCA Renewal Stalls

Canada's trade minister said the Trump administration's decision to let the North American trade agreement lapse past July 1 is expected, with bilateral negotiations expected to yield a series of targeted agreements to address ongoing disputes.

The Trump administration secured a procedural victory allowing it to enforce 10% global tariffs while legal challenges proceed through appeals courts.

Meanwhile, cross-border trade between the U.S. and Mexico faces increased scrutiny over legal and operational risks. Industry conferences have highlighted cargo fraud concerns and regulatory complexities as major issues.

Global freight forwarders report margin compression as trade growth slows amid geopolitical disruptions and persistent overcapacity. The sector's rapid expansion phase appears to be cooling.