Can USMCA Survive Trump’s Second Term?
Original Report
As Canada, Mexico, and the United States begin reviewing the USMCA trade pact, former diplomats and trade negotiators say the stakes extend far beyond tariffs. Former Canadian Ambassador Kirsten...
As Canada, Mexico, and the United States begin reviewing the USMCA trade pact, former diplomats and trade negotiators say the stakes extend far beyond tariffs. Former Canadian Ambassador Kirsten Hillman, former Mexican Ambassador Gerónimo Gutiérrez, and former US trade counsel Kelly Ann Shaw argue that the agreement now underpins everything from supply chains and agriculture to intellectual property and investment. While disagreements remain over autos, China, and industrial policy, all three say the bigger question is whether North America can strengthen its economic integration while adapting to a rapidly changing geopolitical environment. (Source: Bloomberg)
Glass House Analysis
International economic policy has concrete impacts far beyond diplomatic circles. Tariffs show up in the price of goods at stores, supply chain disruptions affect whether products are on shelves, and trade tensions can mean job losses in export-dependent industries. The globalized economy means that decisions made abroad can affect workers and consumers domestically.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
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