Tariff Jitters Spark Jump in USMCA Claims on Mexico, Canada Goods
US businesses are racing to claim United States-Mexico-Canada Agreement (USMCA) exemptions as rising tariffs on steel, aluminum, and other goods push import costs higher.
The percentage of goods from Canada classified as USMCA compliant rose to 81% in June, up from 56% in May, according to U.S. Customs and Border Protection data reviewed by Fitch Ratings.
Mexican imports that met USMCA criteria in June increased to 77%, compared to 42% the previous month.
Third-party logistics providers report growing inquiries as companies look for ways to navigate...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.