US and Canada inch toward trade deal as tariff deadline looms

The US and Canada are moving closer to a trade agreement as the tariff deadline approaches, aiming to stabilize North American supply chains and lower economic tensions. Meanwhile, the USMCA is shifting toward bilateral tracks, leading Mexico to anticipate trade outcomes similar to the US-Canada deal. However, this transition to bilateral negotiations may increase regulatory complexity and potentially weaken the negotiating power of both Mexico and Canada when dealing with the US in these trade discussions.