Trade is good!
The U.S.-Mexico-Canada Agreement (USMCA) is the most important trade deal enacted in the 250-year history of the United States. It’s worked. As a result of the deal, China has slipped to the third-largest trading partner of the U.S., with Mexico and Canada now occupying the top two spots.
It’s good for U.S. economic and national security that both Mexico and Canada have called for the deal to be extended by 16 years. The United States should do the same as we build on the framework of the agreement, which includes best-in-class language on digital trade and small and medium enterprises.
July 1 is the formal date for the parties to declare their position on USMCA. I love that this date is right before our 250th birthday and during what’s already turning into an epic World Cup being hosted across all three countries (I’ll be rooting for a big U.S. victory over Australia later today).
Tariff-free North American trade is a powerful tool for lowering inflation, reducing grocery and energy costs for consumers, and hardening our supply chains against China and other global competitors. We build products together. Win-Win-Win.
As we enter the AI era, deepening our regional integration is essential. By harmonizing regulatory and technical standards with our neighbors, we can better scale the U.S. tech stack—from AI models to cloud infrastructure—on the global stage and win the AI race.
Congratulations to American Society of Mexico’s Larry Rubin, MBA, Enrique Huesca, and team for orchestrating a packed and incredible 250th USA Gala Dinner in CDMX, loaded with North American and global officials and business, entertainment and civic leaders.
G-d Bless America!
Editor’s Note: The above commentary was penned by Glenn Hamer, a leading advocate for free trade. The commentary first appeared on his social media pages.
